Auto Scoring Solutions

Overview

After several years of modest growth, auto lenders are looking to drive better bottom line results by taking a smart, strategic approach to credit risk evaluation and compliance. That’s why leading lenders are relying on a variety of FICO® Score products and Credit Scoring Services to fine tune their credit risk decisions. 

Solution Architecture

Auto Scoring Solutions

The auto industry is facing critical challenges as it continues towards recovery and growth. To be successful, auto lenders need to approve the best customers and set the right terms at origination, thus minimizing both exposure and collection & recovery costs, while maintaining portfolio value. With the purpose built FICO® Auto Score, complimenting FICO® Scoring products, FICO expert consulting services, as well as programs to help lenders build client loyalty -- FICO is the only provider of a complete flexible risk scoring solution specific for the auto industry.

Available Products

FICO® Score

Product overview

The FICO® Score helps lenders make accurate, reliable and fast credit risk decisions across the customer lifecycle.The credit risk score rank-orders consumers by how likely they are to pay their credit obligations as agreed. The most widely used broad-based risk score; the FICO® Score plays a critical role in billions of decisions each year. The latest US version, FICO® Score 9 is the most current and predictive FICO® Score.

FICO® Scores are available for lenders through our worldwide network of credit reporting agency partners. Lenders interested in licensing and pricing information can contact their local credit reporting agency for details.

 

Learn About FICO® Score and Its Long History

FICO® Score Open Access

Product overview

The FICO® Score helps lenders make accurate, reliable and fast credit risk decisions across the customer lifecycle.The credit risk score rank-orders consumers by how likely they are to pay their credit obligations as agreed. The most widely used broad-based risk score; the FICO® Score plays a critical role in billions of decisions each year. The latest US version, FICO® Score 9 is the most current and predictive FICO® Score.

FICO® Scores are available for lenders through our worldwide network of credit reporting agency partners. Lenders interested in licensing and pricing information can contact their local credit reporting agency for details.

 

Learn About FICO® Score and Its Long History

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