Category Archives: Credit Scoring & Decision System

Consumer Education: Credit Reports ≠ Credit Scores

Consumer education should be an important function for lenders, credit grantors and credit reporting companies says the credit scoring firm FICO in its recent Bankinganalyticsblog.  It is too important to be left to the press and other sources as the following … Continue reading

Posted in Consumer Credit Information, Consumer Credit Reporting, Credit Reporting, Credit Scoring & Decision System, Credit Scoring & Decision System, FICO (Fair Isaac), Financial Literacy Training, United States | Tagged , | Leave a comment

Score Differences Across Credit Bureaus Reflect True Data Differences

“Why are credit scores different for the same consumer across the different CRAs?”  FICO gets that question apparently a lot, and tries to provide some answers in its recent banking analytics blog. To be most valuable to a lender, a … Continue reading

Posted in Consumer Credit Information, Consumer Credit Reporting, Credit Scoring & Decision System, Credit Scoring & Decision System, FICO (Fair Isaac), United Kingdom, United States | Tagged , , | Leave a comment

Analytics and Cloud Computing: Businesses Need Solutions to a Specific Business Challenge

BIIA finds the recent FICO Banking Analytics Blog written by James Taylor, CEO of Decision Management Solutions of particular interest:   “Individually, predictive analytics and cloud computing are hot topics in business today. But what’s the potential for the intersection of … Continue reading

Posted in Analytics, BIG DATA, Credit Scoring & Decision System, Credit Scoring & Decision System, FICO (Fair Isaac) | Tagged , | Leave a comment

Teach Your Children the Importance of Good Credit

FICO has some good tips for parents and young people who are going to College in the USA, however these tips may apply in other countries as well! The combination of skyrocketing college expenses and access to credit has made … Continue reading

Posted in Consumer Credit Reporting, Credit Scoring & Decision System, FICO (Fair Isaac), United States | Tagged , | Leave a comment

CRIF / EFMA European Survey Examines Strategies on Responsible Lending

CRIF and EFMA conducted a survey which examines the strategies put in place over the last year by lenders in 16 European countries in reaction to the economic crisis, to counteract over indebtedness among retail customers, and pursue an approach … Continue reading

Posted in CRIF, Consumer Credit Information, Consumer Credit Reporting, Credit Scoring & Decision System, European Union, Italy, Member, Member News, Regulatory News | Tagged , | Leave a comment

TransUnion Introduces New Recovery Scores Containing Updated Consumer Data and Newest Modeling Technology

TransUnion announced at the Debt Buyers Association Conference the introduction of two new recovery models — Recovery Propensity Score and Recovery Yield Score. Both of these scores were developed using TransUnion’s freshest consumer data set and advanced modeling technology, allowing … Continue reading

Posted in Credit Scoring & Decision System, Credit Scoring & Decision System, Debt Collection and Recovery, Member, Member News, TransUnion, United States, Users of Information | Tagged , , | Leave a comment

Credit Scoring: World-Wide Quality & Lessons Learned

Credit Alliance Presentation Graydon A new presentation on credit scoring was added courtesy Gertjan Kaart, of Graydon, The Netherlands in the BIIA Industry Library. To read the presentation click on above link

Posted in Credit Scoring & Decision System, Graydon, Member News, Netherlands | Leave a comment