The consumer credit risk assessment includes the CreditVision Score, trended CreditVision algorithms and the demographic information as reported to the bureau.
The highly-comprehensive CIBIL Consumer Credit Report based on millions of updates received from a strong member base, provides extensive data on the credit histories of potential and existing borrowers, empowering you to lend with greater confidence while mitigating risk, thus helping your business to be profitable.
Our enhanced CreditVision Score incorporates richer and more predictive data elements, such as actual payment amounts as reported, extended account-level payment patterns and sufficient period of history for each tradeline, with product based segmentation.
How does CreditVision Score works
The score has a range of 300 - 900, with higher score indicating lower credit risk, and can be used across credit products and the consumer lifecycle from acquisition to origination to portfolio management. The score effectively predicts the structural risk of a borrower - whether a borrower is likely to default (90+ DPD) on one or more tradelines in the next 12 months.
CreditVision Score provides a valid score for individuals with a thin file who are deemed unscorable. Output of -1 is provided for individuals who have no credit footprint on the TransUnion CIBIL consumer bureau.
CreditVison New To Credit Score:
TransUnion CIBIL’s CreditVision New-to-Credit Score enables organizations to objectively assess structural risk associated with first time borrowers and capitalizing on this growth opportunity while balancing risk exposure. The CreditVision NTC score employs a comprehensive lookalike model & leverages the power of trended data available
on the bureau such as actual payment amount, payment patterns over 36 months and enquiry patterns to effectively predict the likelihood of a borrower defaulting on their first loan in the next 12 months.
TransUnion CIBIL Personal Loan Score
TransUnion CIBIL Personal Loan Score answers the need for a tool to effectively assess risk for unsecured EMI loans and for a score that is more effective in higher score ranges. The score—a number between 300 and 900—is representative of an individual’s credit behavior at that time.
TransUnion CIBIL Personal Loan Score can be used for:
Customer acquisition: Predict a prospect’s potential for delinquency over the next 12 months
Customer management: Determine the potential for a customer to become delinquent
Segmentation: Set risk management policies
It is recommended that the Personal Loan Score be used in conjunction with the generic CIBIL Score to help you identify structural risk and product affinities, as well as increase underwriting efficiencies.
Asset Sheets for CreditVision Score and CreditVision Algorithms.
To understand the steps for gaining access to the portal documentation, adding your user groups and familiarizing yourself with our range of services, click on the button below.