Predict and manage risk more accurately with TransUnion’s Risk and Bankruptcy scores
Now you can better assess consumer risk and the likelihood of bankruptcy or proposal. With TransUnion’s full range of scores, you can make more informed decisions about customers and prospects, increase profitability and reduce losses.
TransUnion offers a variety of risk and bankruptcy scores to help you make more precise lending decisions
CreditVision Risk Score
The CreditVision Risk Score utilizes enriched credit data elements giving you a more complete view of consumer risk. It takes advantage of insights into consumer behaviour not considered in traditional risk models, including account history, payment amounts, balance trends and revolving and transacting behaviour on credit cards. These insights fuel a score that is far more predictive of future consumer risk than traditional scores.
CreditVision Bankruptcy Score
The CreditVision Bankruptcy Score is Canada's next generation risk solution that leverages trended account history, along with actual payment amount, to provide deeper insights into consumer behaviour. This score outperforms traditional bankruptcy scores in identifying consumers likely to file bankruptcy or proposal in the next 18 months. The CreditVision Bankruptcy Score will allow you to make more improved decisions and better assess the risk of consumers.
FICO® Risk Score
FICO® 8 is the highly predictive FICO Risk Score designed specifically for the Canadian market. It applies the latest predictive analytic technologies and scoring blueprints from FICO to the specific dynamics of the Canadian market. Using TransUnion’s database, this score offers more predictive risk assessment than previous versions of FICO Risk Scores.
FICO® Bankruptcy Score
The FICO Bankruptcy Score, formerly known as Horizon, is tailored to Canadian credit bureau data from TransUnion and was developed with a predictive window designed to provide advanced warning of bankruptcy filing in time to limit or reduce loss exposure. FICO Bankruptcy Score provides a more complete picture of an individual’s behaviour on all credit obligations, and is a means of evaluating new accounts and prospects for bankruptcy losses relative to expected revenue.
FICO is a registered trademark of Fair Isaac Corporation in the United States, Canada, and other countries.
CreditVision™ Scores are more predictive than traditional scores due to enhanced credit data
Pinpoint credit behaviours complementary to current capabilities