Tag: credit attributes

Loading...
Credit attributes: analytical decisioning building blo...

By: Teri Tassara In my blog last month, I covered the importance of using quality credit attributes to gain greater accuracy in risk models.  Credit attributes are also powerful in strengthening the decision process by providing granular views on consumers based on unique behavior characteristics.  Effective uses include segmentation,...

Read More Credit attributes: analytical decisioning building blocks (part 2)
The power of credit attributes in the decision process...

By: Teri Tassara In my last post, I covered the importance of using quality credit attributes to gain greater accuracy in risk models.  Credit attributes are also powerful in strengthening the decision process by providing granular views on consumers based on unique behavior characteristics.  Effective uses include segmentation, overlay...

Read More The power of credit attributes in the decision process
Credit attributes: analytical decisioning building blo...

By: Teri Tassara As building blocks to any predictive model development, it goes without saying that the better the predictive variables, also known as attributes, the more accurate the predictions. For many predictive analytic modeling shops, attributes are a key differentiator to model performance versus the competition.  It not...

Read More Credit attributes: analytical decisioning building blocks
The power of credit attribute overlays...

Previously, we looked at the various ways a dual score strategy could help you focus in on an appropriate lending population. Find your mail-to population with a prospecting score on top of a risk score; locate the riskiest of all consumers by layering a bankruptcy score with your risk...

Read More The power of credit attribute overlays
Scoring 101 – Dual score strategies...

Last month, I wrote about seeking ways to ensure growth without increasing risk.  This month, I’ll present a few approaches that use multiple scores to give a more complete view into a consumer’s true profile. Let’s start with bankruptcy scores. You use a risk score to capture traditional risk, but...

Read More Scoring 101 – Dual score strategies
Are “fallen angels” a key to economic grow...

As our newly elected officials begin to evaluate opportunities to drive economic growth in 2011, it seems to me that the role of lenders in motivating consumer activity will continue to be high on the list of both priorities and actions that will effectively move the needle of economic...

Read More Are “fallen angels” a key to economic growth?
Tools for improved data utilization and data managemen...

By: Kari Michel Lenders want to find new customer through more informed credit risk decisions and use new types of data relationships to cross-sell.   The strategic goals of any company are to get more customers and revenue while reducing costs on the operating side and the credit loss side. ...

Read More Tools for improved data utilization and data management
Loan modifications – another use for credit attributes...

A recent article in the Boston Globe talked about the lack of incentive for banks to perform wide-scale real estate loan modifications due to the lack of profitability for lenders in the current government-led program structure. The article cited a recent study by the Boston Federal Reserve that noted...

Read More Loan modifications – another use for credit attributes
Improving collections strategy...

By: Kari Michel   Lenders are looking for ways to improve their collections strategy as they continue to deal with unprecedented consumer debt, significant increases in delinquency, charge-off rates and unemployment and, declining collectability on accounts. Improve collections To maximize recovered dollars while minimizing collections costs and resources, new collections...

Read More Improving collections strategy
Dispelling credit attribute myths, Part 3...

By: Wendy Greenawalt In the last installment of my three part series dispelling credit attribute myths, we’ll discuss the myth that the lift achieved by utilizing new attributes is minimal, so it is not worth the effort of evaluating and/or implementing new credit attributes. First, evaluating accuracy and efficiency...

Read More Dispelling credit attribute myths, Part 3
Dispelling credit attribute myths, Part 2...

By: Wendy Greenawalt In the second installment of my three part series, dispelling credit attribute myths, we will discuss why attributes with similar descriptions are not always the same. The U.S. credit reporting bureaus are the most comprehensive in the world. Creating meaningful attributes requires extensive knowledge of the...

Read More Dispelling credit attribute myths, Part 2
Dispelling credit attribute myths, Part 1...

By: Wendy Greenawalt This blog kicks off a three part series exploring some common myths regarding credit attributes. Since Experian has relationships with thousands of organizations spanning multiple industries, we often get asked the same types of questions from clients of all sizes and industries. One of the questions...

Read More Dispelling credit attribute myths, Part 1