With the predictive power of four scorecards — on the viability of one-month, short-medium - and long-term loans
for individual consumers and segmented consumer cohorts — CreditVision® Personal Loan Score Solutions provide:
Using trended credit data insights
Use the correct term score for the specific products you offer
Through better score prediction
And decrease loan amounts of accounts going bad
With the proliferation of digital commerce, consumers expect and select increasingly personalised lending solutions. The upswing in microlending opportunities — coupled with the demand for one-month, short- medium- and long-term loans — has added further complexity to the risk-reward equation.
Our new solution provides broader perspectives that can expand approvals while reducing consumer-related risk according to the loan term.
In an industry study, CreditVision Personal Loan Score Solutions identified a 13.58% increase in approval rates at an industry bad rate of 7.07% — resulting in over 77,000 new loans per year. The incremental growth of these loan limits was R197 million, reducing bad debt by R13.4 million per year.
The TransUnion SA Consumer Credit Index (CCI) fell to 54 in Q1 2022, falling from an upwardly revised score of 57 in Q4.
Expedite your profitable digital sales journey with superior intelligence and insights
Streamlined Consumer Onboarding ROI Case Study
The TransUnion SA Consumer Credit Index (CCI) fell to 54 in Q4 2021, moderating from a downwardly revised score of 59 in Q3.