Manage Risk

Your success depends on good decisions based on current information.

Discover how our complex financial profiles give you the insight to improve the management of your portfolio, client relationships and marketing.

Of course managing risk is critical, but our business would like to be more confident that we’re not turning away applicants who may be good risks for credit, but have thin credit files, or who might be able to take on more debt. Any ideas on how we get a closer look at their potential?

You can better evaluate young or thin-file consumers with the new FICO^® Risk Score 8. Tests of FICO 8—for bankcard and retail populations, as well as subprime and thin-file consumers—show predictive lifts of up to 10% over previous FICO scores.

Subscribe to TransUnion Market Trend Reports for quarterly consumer credit data. You can gain a more accurate picture of credit behaviour over time, which can help you to analyze trends, compare regional behaviour and plan more effectively. 

We're considering expanding into new markets. How can we better determine if this is a wise investment for our company?

We provide in-depth analytics to help you make sound management decisions. Historical performance, segmentation tools and statistical analysis are just a few of the tools we use to help you evaluate your most important decisions. For example, our Aggregate Data solution can tell you what the aggregated credit picture is for various postal codes, therefore helping you evaluate potential new markets.

We want to manage our accounts in a timelier manner, so that we can identify and manage risk more effectively. What can we do differently?

With Dynamic Monitoring, you can identify customers based on specified behaviour. You set the criteria and thresholds for key changes in consumer behaviour, and receive notification of their occurrence on a schedule you specify—monthly, weekly and even daily. This enables you to react faster to recent events, and more importantly, anticipate events that are likely to occur in the future. 

We'd like to make better decisions about the creditworthiness of our clients. What kinds of decisioning tool do you recommend?

You can take advantage of our Risk Models, part of our Risk Management Services. They make credit decisions easier with a number of delinquency or bankruptcy predictors that can help you reduce exposure and increase opportunities. For example, you can identify different levels of risk with the TransUnion Risk Score. You can also help predict an individual’s likelihood of bankruptcy in the next 18 months with the TransUnion Bankruptcy Score.

Two of our scores, used in conjunction, can help. You can identify different levels of risk with the TransUnion Risk Score—and help predict an individual’s likelihood of bankruptcy in the next 18 months with the TransUnion Bankruptcy Score, which is based on tradelines involved in a bankruptcy, not just public-record bankruptcies. By using both scores, you can better identify customers who may be good risks today but would pose heightened bankruptcy risk in case of a sudden adversity.

FICO and Credit Capacity Index are trademarks and/or registered trademarks of Fair Isaac Corporation.