Reach Consumers With the Propensity to Open New Credit

TargetPoint Intent Scores are designed to augment your Prescreen criteria by enabling you to reach consumers that are likely to open new credit in the near future - namely, in the next two to four months. These consumers have the same characteristics as those who recently opened new credit, so they are more likely to be receptive to your offers. 

TargetPoint Intent Scores offers multiple product-specific models across auto, card, mortgage, home equity, consumer finance, and student loan. Lenders choose desired models combined with a measure of credit risk in order to enhance targeting criteria for specific campaigns and offers. Use TargetPoint Intent Scores to help gain more new customers and expand current relationships.

Leverage targeted intent models
Access industry-specific and product-specific intent models for auto, card, mortgage, home equity, and other loans
Fuel Prescreen targeting
Increase acquisition rates by reaching consumers with the propensity to open specific types of new credit
Reach new audiences
Target new consumers that have the same attributes as those who recently opened new credit
Boost response model performance
Add Intent Scores to existing response models to capture more new loans, using the same marketing spend
Grow current relationships
Identify customers that are a good fit for cross-sell and up-sell opportunities and strengthen retention
Leverage predictive technology
Benefit from scores based on AI, deep analytics, and machine learning techniques
0 %

One client could capture 50% more loans over its existing response model by using Intent Score - Consumer Finance model

0 %

Using Intent Scores to target top 5% of near prime consumers could lead to capturing 60.8% of new auto tradelines opened.

0 %

Using Intent Scores to target the top 5% of prime consumers could lead to capturing 18.2% of new bank cards opened.

Equifax analytics and case studies. Results may vary.

Use TargetPoint Intent Scores throughout the Customer Lifecycle

 

TargetPoint Intent Scores can be used to identify consumers for acquisition, cross-sell, and retention. Fine-tune Prescreen campaigns, reach consumers that might not otherwise be targeted, enhance response models, and inform upsell/cross-sell strategies.

Supplement Prescreen Response Models

Many lenders rely on response models to fuel Prescreen, but there could be room to improve. Discover how one lender could generate 50% more consumer finance loans over existing response model by incorporating TargetPoint Intent Scores — using the same marketing spend.

Reach Consumers Likely to Open New Credit

TargetPoint Intent Scores can be used to enhance acquisition, cross-sell, and retention. Choose your intent score model and define your score cut. Then combine with Prescreen criteria to find and reach consumers likely to open new credit in the next two to four months.

How It Works

Lender defines audience criteria
A lender wants to define its target audience for a consumer finance acquisition campaign. It wants to reach consumers that have a minimum credit score plus use TargetPoint Intent Score Consumer Finance Model with a score cut of 700.
Define target list using TargetPoint Intent Scores
Equifax identifies consumers that meet the lender’s Prescreen criteria plus applies the TargetPoint Intent Score - Consumer Finance Model to enable the lender to reach only those consumers with the propensity to open a new loan. 
Lender receives list of consumers
Lender receives the target list at mailhouse or processor, or onboards the list for digital campaigns. Lender can now improve campaign efficiency by extending a consumer finance offer to consumers who are more likely to open a new loan.

Capture Consumers Who are More Likely to Say Yes to Your Offers

Your lending efforts demand maximum precision — especially as consumers are faced with a fluctuating economy and new challenges that are impacting their wallets every day. That’s why you should integrate TargetPoint Intent Scores into your Prescreen — so you can gain lift beyond traditional Prescreen measures and ensure your lending offers are reaching consumers who are most likely to open new credit accounts. 

Easy to Use Industry and Product Models

TargetPoint Intent Scores offers an easy-to-interpret 1-990 index score. Multiple models are available for auto, card, mortgage, and home equity, as well as consumer finance and student loan. Specific models can help lenders reach unique audiences. For example, lenders promoting auto offers can choose from auto loan, refinance, or lease intent models. 
Explore Our Intent Score Models

Frequently Asked Questions

TargetPoint Intent Scores help predict a consumer’s propensity to open new or additional credit in the next two to four months. When used with a baseline measure of credit risk, TargetPoint Intent Scores deliver a three-digit indicative score (1-990) to further pinpoint and refine credit acquisition and customer retention strategies. TargetPoint Intent Scores is approved for FCRA uses only.
 

TargetPoint Intent Scores can add a more precise level of targeting for your campaigns through industry-specific and product-specific propensity-to-open scoring models:

  • Auto: Auto Loan, Auto Loan Refinance, Auto Lease
  • Card: Bank Card, Bank Card - Premium and Rewards Cards, Bank Card - General Purpose and Secured Cards, Retail Card and Department Store
  • Mortgage: First Mortgage, Second Mortgage, Mortgage Refinance, Cash Out Refinance
  • Home Equity: Home Equity Line of - Credit, Home Equity Loan
  • Consumer Finance
  • Student Loan
     

TargetPoint Intent Scores can help lenders fuel Prescreen campaigns and better direct resources toward consumers who are likely to open offers of credit. TargetPoint Intent Scores can help lenders:

  • Quickly identify ideal targets for credit offers
  • Increase acquisition campaign efficiency and optimize budgets
  • Narrow target lists to reach consumers likely to open new credit
  • Improve open rates
  • Augment prescreened lists
  • Refine customer retention strategies

 

TargetPoint Intent Scores deliver a three-digit indicative score (1-990). Lenders can set their preferred score cut off or adjust score to meet campaign goals.
TargetPoint Intent Scores support multiple FCRA-regulated use cases including:

  • Customer Acquisition - Lenders can use Intent Scores to augment Prescreen lists to better reach consumers likely to open new credit.
  • Customer Retention - Lenders can use Intent Scores to cross-sell a new product to existing customers.
     

Related Resources

eBook

Capture Consumers Seeking New Credit

Explore tips to reach consumers most likely to open new credit accounts. Discover solutions to boost acquisition, improve open rates, and maintain share.
Explore 5 Tips

Related Products

Combine TargetPoint Intent Scores with additional solutions to identify consumers that are likely to open and are in-market for new credit. Reach consumers likely to respond to your offers via multiple channels.
TargetPoint Triggers
Reach consumers that are in-market for new credit
Prescreen
Identify attractive prospects who are most likely to respond to credit card, loan, or insurance offers, while mitigating risk
CreditStyles Pro
Use CreditStyles Pro to differentiate households based on their estimated credit behavior, availability, needs, and usage. With CreditStyles Pro, marketers, analysts, and lenders can gain critical insight on credit use across the customer lifecycle.
Digital Targeting Segments
Better deliver the right message to the desired target audience online
NA

Combine TargetPoint Intent Scores with TargetPoint Triggers

Boost targeting and response by combining Intent Scores with in-market alerts. Reach consumers with both the propensity to open credit in the near future and who have taken action to open new credit.

Anchor Text

Need Help Deciding?

Connect with our sales team today to get a product consultation.