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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 Consumer Education in Credit Reporting and Credit Scoring, FICO
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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
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
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
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
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
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
