Steady, reliable risk assessment for financial lives that fluctuate
Subprime lending is on the rise, driving more applicants with low credit scores or limited credit history to your door. And not only is volume increasing —unpredictability is as well. As a subprime lender, you’re reading and reacting to consumer profiles that are not only thin, but also dynamic. It may not take much for a borrower’s solid financial standing to teeter toward disaster: A sudden layoff. Divorce. Illness. Increase in child support. Anything can happen.
All of these factors make it difficult to correctly assess risk. You’re doing a good job so far. But you need to make sure you can keep up with the changes as quickly as they occur.
LexisNexis can help with robust, up-to-date data beyond just credit history. We have an unparalleled composition of data sets that give you visibility into what might be happening with your borrowers.
- Get a better understanding of consumer behavior and ability to pay
- Monitor existing customers as their situations change, pulling from alternative data sources that help fill in the blanks — i.e., court filings, personal property titles, relatives and associates, criminal history, derogatory information and more
- Improve consumer segmentation to provide the most appropriate rates and terms for the risk
The consumer’s story has many layers. See them. Assess their impact. Make better decisions and reduce your risk.
- FICO® Score XD
- Generate a FICO score for unscorable credit applicants
- Lead Integrity Attributes
- Avoid marketing to high fraud and institutional risk identities
- PowerView Score™
- Score more consumers using a one-stop solution for auto lenders
- Profile Booster
- Enhances marketing efficiency and lift with better prospect identification
- RiskView™
- Assess consumer creditworthiness and risk potential
- RiskView™ Liens & Judgments Report
- Retain your competitive edge without the added expense of recalibrating your models.
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