FICO® Bankruptcy Scores
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FICO® Bankruptcy Scores

FICO® Bankruptcy Scores analyze credit reporting agency data to identify which accounts are most likely to result in bankruptcy losses. These scores can give you an advance warning so that you can limit losses.
Key Benefits
  • Identify more future bankruptcies, including "surprise" bankruptcies 
    FICO Bankruptcy Scores identify pre-bankruptcy signs across a consumer's complete credit history.
  • Take action based on advance warning
    The scores are designed to predict bankruptcy far enough in advance for action to be taken, while there are still losses to be prevented.
  • Protect profits by reducing loss exposure while maintaining revenue streams 
    FICO Bankruptcy Scores enable you to separate accounts with a high risk for large bankruptcy losses from accounts that look risky but will be highly profitable accounts.
  • Increase the value you get from FICO® credit risk scores
    Because they predict a different outcome than FICO credit risk scores, FICO Bankruptcy Scores can be effectively used with FICO scores to sharpen your risk assessment.
Feature Highlights
  • Rank-order consumers by bankruptcy loss ratio 
    FICO Bankruptcy Scores rank-order consumers according to the likely bankruptcy loss ratio (bankruptcy losses divided by revenue) each consumer represents to a credit grantor. This gives FICO Bankruptcy Scores a unique ability to separate those likely to result in the biggest bankruptcy losses from those credit users that are the most profitable, enabling lenders to minimize the impact to the future "good" revenue - unlike traditional bankruptcy tools, which sacrifice too much good revenue in an attempt to reduce bankruptcy losses.
  • Scores delivered with reason codes
    Like FICO credit risk scores, FICO Bankruptcy Scores include reason codes that can be used in notifying the consumer about the factors that led to a credit decision.
  • Useful across credit accounts 
    FICO Bankruptcy Scores are an effective tool for retail cards, bankcards and other revolving accounts, as well as for installment loans, telecommunications / utilities accounts and other credit portfolios.
Versions
  • Available from TransUnion and Experian 
    FICO Bankruptcy Scores are available in the US and Canada as FICO Bankruptcy Risk Scores at TransUnion and Experian/FICO Bankruptcy Score at Experian.
 

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