FICO^® NextGen Risk Scores

FICO^® NextGen scores are designed to give lenders improved credit risk assessment over FICO^® scores in marketing, originations and account management. FICO research indicates that in a variety of industries, credit grantors can lower bad rates between 10% and 25%, or increase approval rates up to 5% or more by using FICO^® NextGen Scores. This can translate to increased profits of up to US$ 10 per new account scored, and even more in some industries.