Maximum risk insight helps drive maximum account revenue FICO® Risk Score, Classic v8 is a broad-based risk score that predicts the likelihood of an existing account or potential credit consumer becoming seriously delinquent within 24 months. Developed by FICO using Equifax data, FICO Risk Score, Classic v8 delivers an enhanced consumer credit risk assessment to help improve acquisition, reduce losses and increase revenue. FICO Risk Score, Classic v8 provides comprehensive and current risk perspective built from 12 distinct scorecards to help: Approve new accounts Set risk-based pricing Set credit limits, deposits or down payments Re-issue credit cards or lines of credit Cross-sell to existing customers Manage accounts Close high-risk accounts Set collection strategies FICO Risk Score, Classic v8 combines proven Equifax consumer credit data with advanced searching and matching logic to give your business an expanded view of current consumer credit risk, including bankruptcies, charge-offs, repossessions, loan defaults and delinquencies. Using the insights delivered by FICO Risk Score, Classic v8 you can evaluate new and established credit files and easily segment accounts for more targeted risk-based pricing. The intuitive FICO Risk Score, Classic v8 score helps identify areas of potential risk exposure so you can manage accounts based on predicted future risk. For more targeted risk perspective, FICO Risk Score, Classic v8 Industry Options deliver industry-specific risk assessment for the Auto, Bankcard and Mortgage Industries to help further refine segmentation and reduce losses. Help increase profitability and protect performance with the proven risk assessment power of FICO Risk Score, Classic v8. FICO Risk Score, Classic v8 provides four reason statements and a fifth reason statement designed to support FACTA regulations. FICO Risk Score, Classic v8 also considers Authorized Users tradeline information to support compliance with federal regulations and reduce exposure to authorized user abuses. FICO Risk Score, Classic v8 is available in several delivery modes to fit your business processes. FICO Risk Score, Classic v8 is a consumer report and its use is regulated by the Fair Credit Reporting Act (FCRA).