14 February | 10:00 - 10:30 SAST
We encourage collaboration and so we use a technology called ThinkHub which enables you to share content from any device with other colleagues and the Experian team.
Using a combination of Experian’s bureau data including arrears status, utilization, payment consistency among others; as well as Experian’s new scores, including the Debt Review, Early Warning, Late-Stage Collections and First-Party Fraud Scores, Experian can provide a high-level categorization of your customers and recommendations to help optimize your strategies for the months ahead.
Many consumers have been relying on credit more than ever to bridge the gap in their changing financial situation, resulting in an unprecedented increase in requests for debt review across all risk bands and affluence segments. Identify debt review early to proactively manage overextended consumers rather than negotiate their debt.
The sooner you understand the risk for deterioration, the faster you can act on remediating the situation. This score identifies 30 days or more delinquent within the next 3 months, providing you with a risk warning before they deteriorate on your debtor’s book.
Using ML techniques, enables this score to detect behaviours of consumers that have knowingly misled Credit Providers when granting credit. It identifies 6+ arrears in the first 6 months after opening an account and indicates where first party fraud may be occurring in your business. This helps you to understand the full extend of your fraud, enabling you to separate it from bad accounts and handle the two separately.
Application scores indicating who will miss 3+ payments in 12 months.