FICO Risk Score

Help build greater profitability with proven predictive scoring

Product Overview

Maximum risk insight helps drive maximum account revenue

FICO® Risk Score is a broad-based risk score that predicts how likely a consumer is to repay a loan and make payments when they are due. Another way to look at it, a risk score provides an indicator of the likelihood that a consumer will become more than 90 days delinquent in the next 24 months. Developed by FICO using Equifax data, FICO Risk Score from Equifax delivers an enhanced consumer credit risk assessment to help improve acquisition, reduce losses and increase revenue. This is accomplished by leveraging FICO’s state-of-the-art analytic capabilities and predictive technologies, combined with the rich repository of consumer credit information at Equifax.

FICO Risk Score 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, you can evaluate new and established credit files and easily segment accounts for more targeted risk-based pricing. The intuitive FICO Risk Score helps you identify areas of potential risk exposure so you can manage accounts based on predicted future risk.

For more targeted risk perspective, FICO Risk Score Industry Options deliver industry-specific risk assessment to help further refine segmentation and reduce losses, including:

  • FICO Auto Score from Equifax
  • FICO Bankcard Score from Equifax.

FICO Risk Score is considered a consumer report, and its use is regulated by the Fair Credit Reporting Act (FCRA). Available in several delivery modes to fit your business processes, FICO Risk Score provides four reason statements and a fifth reason statement designed to support FACTA regulations. FICO Risk Score also considers authorized users tradeline information to support compliance with federal regulations and reduce exposure to authorized user abuses.

The most recent and most predictive FICO Risk Score from Equifax introduces a more nuanced way to assess consumer collection information, bypassing paid collection agency accounts and offering a sophisticated treatment differentiating medical from non-medical collection agency accounts. This will help ensure that medical collections have a lower impact on the score, commensurate with the credit risk they represent.

To learn more about how Equifax can help your increase profitability and protect performance with the proven risk assessment power of FICO Risk Score, contact us today.

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