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Consumer Affordability View Cloud AI

Consumer Affordability View leverages Equifax Amplify AI to deliver an affordability score and estimated repayment values to enhance lending decisions.

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Understand a Consumer’s Additional Debt Repayment Capacity

Consumer Affordability View enables lenders to gain crucial insight into a consumer’s estimated capacity to take on new debt without getting into financial trouble. It offers a forward-looking forecast of estimated repayment capacity to help companies support responsible lending, make smarter lending decisions, and cultivate a healthier, more resilient portfolio. Rely on Consumer Affordability View to enhance lending strategies for card, auto loan, and personal finance.

Consumer Affordability View includes two components:

  • Affordability Risk Score: A three-digit score that can be used to rank order consumers by their predicted repayment capacity
  • Corresponding monthly repayment capacity dollar estimates: Indicates the estimated amount a consumer can reasonably expect to take on as new credit for installment and revolving loans.
Make More Confident Lending Decisions
Understand how much new debt a consumer is likely to be able to reasonably manage.
Expand Customer-base and Accounts
Extend additional credit to new and existing consumers with higher estimated capacity to take on new debt.
Support Responsible Lending
Differentiate over-leveraged applicants and minimize risk of borrowers defaulting on their loans.
Enhance Account Management 
Inform credit line changes based on estimated repayment capacity.
Supplement Traditional Risk Scores
Differentiate consumers in same risk score band with insight on estimated debt repayment capacity.
State of the Art Technology
Leverage a could-native solution developed with AI and neural network technology and traditional and trended credit data.
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4.5% KS lift in predicting delinquency for installment loans using Consumer Affordability View compared to risk score alone.

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3.6% KS lift in predicting delinquency for revolving credit using Consumer Affordability View compared to risk score alone.

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49.3% improvement in predicting likelihood to go delinquent within a single traditional credit score band.

Equifax analytics. Results may vary.

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Consumer Affordability View in Action

Consumer Affordability View in Action

Gain a forward-looking forecast of estimated repayment capacity to better support responsible lending, make smarter lending decisions, and cultivate a healthier, more resilient portfolio.

Make More Informed Lending Decisions

Use Consumer Affordability View to better understand how much a consumer can likely afford to borrow. When combined with a traditional risk score, it is the ideal solution to better inform decisions for personal finance, card, and auto loan use cases including origination, prescreen, and account management. 
Enhance Acquisition and Prescreen
Improve outreach to consumers with the likely capacity to take on new credit.
Inform Origination and New Account Opening
Guide decisions with insight on how much applicants can likely reasonably afford to take on as new debt.
Improve Account Management
Drive growth and inform account decisions with insights into estimated customer repayment capacity.

Use Affordability to Intelligently Grow Your Lending Portfolio

Consumer Affordability View can be especially valuable to enhance and optimize decisioning. For example, lenders can use Consumer Affordability View to adapt decisioning criteria for approvals and inform credit line terms and amounts based on predicted repayment capacity values. It can also be helpful in spotting potential risk during the application process, such as if an applicant reports a high income, yet has a low affordability risk score. An additional benefit is to fine-tune swap in/swap out applicants  who may be overlooked by traditional credit scores alone.

Frequently Asked Questions

Consumer Affordability View enables lenders to better understand how much a consumer can reasonably afford to borrow for the next 24 months without going 90+ days past due on new and existing trades.

It offers both an affordability risk score and a method to develop corresponding repayment capacity dollar values for installment and revolving loans.

  • Affordability Risk Score: A three-digit score ranging from 2 to 921 that can be used to rank order consumers by their predicted repayment capacity.
  • Dollar-based monthly repayment capacity estimate: Each affordability risk score corresponds to a predicted US dollar amount that a consumer can reasonably expect to take on as new credit.
    • For installment loans, it indicates a maximum monthly repayment amount that a consumer can likely commit to on a new installment trade, while remaining in good financial health.
    • For revolving loans, it indicates the maximum balance a consumer can likely maintain on a new revolving trade, while maintaining financial health.

Yes, Consumer Affordability should be used in conjunction with a traditional credit risk score.

Consumer Affordability View is best used to enhance lending decisions for:

  • Installment loan products including auto loans and personal finance loans
  • Revolving loan product including credit card and retail card
     

Consumer Affordability View can be easily integrated into platforms that support real-time decisioning, as well as via the same platforms, processes, and APIs that clients use to access traditional credit scores.

Consumer Affordability View is an adverse actionable score with reason codes. Also, Consumer Affordability View offers a forward-looking view of a borrower’s likely ability to service new debt for the next 24 months, whereas debt to income (DTI) calculations are based on a historic snapshot of debt obligations to income data.

Related Resources

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Consumer Affordability View

What if you could get a clearer view of consumer financial capacity? Our infographic illustrates how Consumer Affordability View works to do just that.
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