Risk-based Pricing is a consulting service that leverages Experian’s patented optimization technology to determine the ideal product pricing tiers. Pricing tier recommendations include factors such as the cost to acquire,service or close accounts. These factors help determine the ideal tier breaks and interest rates to maximize portfolio profitability and create a competitive advantage. Our risk-based pricing consulting service helps you:
Meet Regulatory Requirements
Risk-based Pricing provides an unbiased product pricing strategy, built based on your requirements, including factors such as cost, competition and risk tolerances. The documentation provided and on-going consulting ensures you meet regulatory requirements today and in the future.
Enhance Portfolio Profitability
Risk levels have changed drastically due to the economic environment and it is more important than ever to review pricing strategies often and make adjustments for shifts in consumer populations to reduce risk and retain profitability
Instantly Modify Pricing Tiers as Market Conditions Change
For clients wanting added visibility to the pricing strategy, Experian offers an interactive scenario capability that enables clients to access the pricing model via a secure hosted environment. Within the application, a client can adjust the constraints used to develop the pricing model and immediately quantify the impact pricing strategy changes have on profitability and other financial metrics.
Understand Risk by Product
The Risk-based Pricing recommendation includes reports by product and tier rate that help you understand the components driving profitability, providing useful information to develop marketing strategies.
Increase booking rates
Strategically grow your portfolio by offering credit to a broader spectrum of customers, while providing the best possible account terms.
Learn how Risk-based Pricing can better set pricing tiers for your organization's products and services. Call us at 888-727-8330.
New Regulation - Risk-Based Pricing Rule
In this recorded Webinar you will learn how to comply with the new Risk-Based Pricing Rule. Understand the rule's impact on your business, and anticipate consumer questions and challenges before they arise.