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Maximize your credit relationships with your customers and prospects as their credit behavior changes over time.
Credit Migration SolutionsSM monitors and compares a consumer's credit behavior changes over time to reveal how consumers are performing and how their profiles are changing.
Experian’s Credit Migration SolutionsSM for Portfolio Management can help you maximize your relationships with customers as their credit behavior changes over time. This capability can be used to alert you to changes in consumer credit scores, credit balances, utilization and other attributes. Credit Migration SolutionsSM helps you retain and grow profitable customers while safeguarding your portfolio from high-risk consumer accounts.
To begin using Credit Migration SolutionsSM, first choose the desired migration thresholds and monitoring frequency (weekly, monthly, quarterly) for each score and attribute to be monitored. Within Experian’s QuestSM product, an initial portfolio base line is established. The system then compares the base line with a similar file at the desired frequency. Scores and attributes that meet the threshold criteria are flagged. For subsequent comparisons, the similar file becomes the base line.
Credit Migration SolutionsSM helps reduce losses and increase profits by enabling you to:
|Migration type||Migration ruler||Output options||Examples|
|Value change||Increase/ Decrease||Dollars, number, percentage||Agregate balance of open bankcards less than $10,000|
|Percentage Change||Increase/ Decrease||Percentage||Total bankcard percentage utilization plus or minus 25 percent|
|True/False||Condition is met||True/False||Persence of tax lien|
For risk purposes
Identify your customers’ developing credit problems long before they affect your profit margin.
Challenge/Objective: Identify those consumers who are going bad before they affect your loss rate.
Resolution: Use credit migration data to assess a consumer at the profile level for certain behaviors.
For retention use
Do you know what your customers are doing right now?
Challenge/Objective: Recognize those consumers who are at risk for attrition before they move to another lender.
Resolution: Use migration data to assess a consumer at the profile level for certain behaviors.