When facing severe financial stress such as that brought about by an economic downturn, lenders often seek to reduce their credit risk exposure by executing tactics at the portfolio level. But, what if lenders were able to factor consumer-level risk adjustments into such decisions rather than using coarser levers?
Meet FICO® Score Stress Indicator, a new analytic tool for lenders to identify consumer sensitivity to unexpected financial stress. A 2-digit score ranging from 1 to 99 (with higher values representing higher sensitivity to financial stress), FICO Score Stress Indicator is designed for use in conjunction with FICO Scores 5, 8, and 9 and is delivered with up to five reason codes that help lenders better understand the output as well as support adverse action communication, if necessary.
Download the product sheet for FICO Score Stress Indicator today to learn more.