More precisely predict a borrower’s resilience to potential future economic disruptions with FICO® Resilience Index. Designed to rank-order consumers with respect to their resilience or sensitivity to an economic downturn.
FICO® Resilience Index answers questions like, “Which ‘680s’ are more likely to go bad when financial stress is exerted on a consumer population?” giving lenders a new tool to use and helping avoid taking large measures that impact more “resilient” consumers unnecessarily.
Better Decisioning and Portfolio Management
FICO® Resilience Index can be used by lenders as another input in credit decisions and account strategies and can be delivered with a credit file, just like a FICO Score. It is scaled from 1 to 99 (with higher values for higher sensitivity to financial stress) and delivered with up to five reason codes to help lenders better understand the output. FICO Resilience Index may be used with a FICO score or to generate an adjusted FICO Score with factors tuned to the lender's economic forecasts.
Better Prepare for Downturn Cycles
Access insights into consumer resilience under economic stress.
Assess Loan Portfolio Vulernability
Evaluate the quality and resiliency of portfolios at any point in an economic cycle.
Refine Credit Marketing and Origination
Offer more favorable terms to attract consumers resilient to financial stress.
Improve Stress Testing Outcomes
Improve capital coverage in scenarios required for regulatory stress tests.
Better Estimate Loss Allowances
Look for hidden risks & basis for adjusting future losses under a range of scenarios.
Integrate Easily with Existing FICO Score Processes
Simultaneous pull the FICO Score with existing batch and online processes.