Use trended data to enhance risk predictability and enable more accurate decisions in line with your risk appetite.
Better predict future good and bad payment behaviour while scoring more thin-file customers to safely grow your portfolio.
Reduce bad debt and risk of accounts going bad by accurately assigning credit limits and pricing based on future performance predictions/ insights.
As they seek to grow their portfolios, lenders in South Africa’s retail instalment space need to overcome the hurdles of legislative and compliance changes, and a declining economy and increased consumer risk.
CreditVision Retail Instalment Score is an industry risk score lenders can use to make more informed decisions at account acquisition. By qualifying customers based on potential, future credit performance, you’re able to extend credit to the right customers at the right price — with suitable terms — while confidently targeting more customers who couldn’t be scored before.
Performance-based views
CreditVision Retail Instalment Score goes beyond conventional generic bureau scorecards to consider typical performance of retail instalment product holders.
Improved predictability
Better predict future good and bad payment behaviour using trended credit data, while scoring more previously unscoreable customers using new thin-file variables.
Easy access to insights
Designed for lenders without access to historical data — or the resources to customise application scorecards — that’s simple to integrate into automated decisioning processes.
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The TransUnion SA Consumer Credit Index (CCI) improved to 64 in Q1 2021.
