Given early signs of economic growth recent emphasis has been on increasing approvals through acquisition strategy. Experian has been able to illustrate that re-developing acquisition scorecards coupled together with the usage of new data assets could deliver in excess of a 5% increase in approvals for no predicted impact to your exposure to risk.
The benefits it can give you
Our customised solutions aim to give you the insight you need to use within your strategy and planning, specifically providing you with:
Supports your case for a reduction in capital requirement
Avoidance of penalties
Reduced effort required internally to support reporting overheads
Maintain levels of collections performance as interest rates rise
Case prioritisation and specific collections paths
Determine level of additional resources required to service portfolio
Manage acquisition strategy and lending policy to reduce concentrations of customer base in current and future high risk segments
Project arrears and loss rates to refine risk appetite statement for risk committee and regulator
4.Mitigation of future risks
Identification of customers at risk in the future
Pro-actively reduce exposure or restructure to reduce monthly payments
Target customer service calls or financial reviews
An Experian scorecard health check is customised to the specific requirements of the business. It can be applied where any level of decision-making occurs through the credit lifecycle – from acquisition to collections.
The comprehensive report incorporates a benchmarking summary of your strengths and weaknesses in comparison to your market peers.