Consumer Credit Risk

Centrix has agreements with credit providers, database owners and debt collection agencies for the supply of credit related data. This means Centrix receives data feeds in large volumes, resulting in an extensive credit reporting database.

The introduction of CCR in 2012 (Comprehensive Credit Reporting, or positive reporting) provides a robust view of an individual’s credit history.

Consumer Credit Report

The Centrix Consumer Credit Report is a tool to help you make informed decisions about new and existing customers.

The reports include any adverse credit information on the individual’s file, as well as an easy to read numerical score that is indicative of the individual’s credit worthiness – the lower the number, the higher the risk.

The addition of CCR data to a traditional credit report (adverse information) includes; repayment history up to 24 months, account type (e.g. credit card, utilities), credit amount, credit provider and account status.

Consumer credit reports include optional access to Driver Licence Verification and Court Fines at no additional charge!

Key Benefits

Real time outcomes for quick decisions
Say “yes” to your customers as quickly as possible
Manage risk exposure
Take more of the goods, and less of the bads
Detailed information – instead of turning the individual away, is there another product or different credit terms you could offer?
Consistency across assessment process
Can be applied to application processing, account management or collection strategy

Scorecards

Centrix analytics team can work with you to develop a score cut off strategy.

Using Centrix Credit data, you will be able to maximise approved applicants without affecting your risk appetite or overall good/bad odds of your portfolio.

Make faster and more accurate decisions, identify risk and unlock accounts that may have a higher credit potential.

Key Benefits

     Maximise approvals – increase revenue
     Minimise declines – decrease write offs
     Manage overall portfolio risk
     Consistency across assessment process

To maximise ongoing monitoring of consumer accounts click here

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