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Product: |
Credit Bureau Bankruptcy Scores |
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Company: |
FICO |
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Type: |
Software |
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Description: |
Fair Isaac credit-bureau-based bankruptcy scores rank-order consumers according to the likely bankruptcy loss ratio (bankruptcy losses divided by revenue) each consumer represents to a credit grantor.Fair Isaac credit-bureau-based bankruptcy scores help decision-makers reduce losses, increase acceptance rates and improve customer service by providing predictive information about the potential revenue impact of a customer's future bankruptcy.Fair Isaac Bankruptcy scores have the unique ability to separate those likely to file bankruptcy from those credit users that are the most profitable, enabling lenders to minimize the impact to the future "good" revenue (unlike traditional bankruptcy tools, which sacrifice too much good revenue in an attempt to reduce bankruptcy loss). This is accomplished through a unique performance outcome measurement of bankruptcy loss ratio and a sophisticated segmentation scheme.
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Related Products: |
Bankruptcies | Decision Support Systems | Financial Applications Software | Risk Management |
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