| Job Score for Auto Finance Companies |
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| Key Advantages:
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Accurately forecast credit risk |
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Improve credit decisions |
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Identify high risk customers early |
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Minimize delinquencies and losses |
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| Income loss due to unemployment is the leading cause of delinquencies for companies making auto loans. Job Security Score predicts this risk for each individual borrower based on their job and income prospects which defines the borrower’s future ability to payback the loans. |
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| When auto finance companies use Job Security Score together with credit bureau scores, they get the full picture. The combination of looking back to assess the intrinsic risk factor of personal credit management and forward looking assessment of borrower’s income risk, is a formula that helps you assess each borrowers unique circumstances and income continuance prospects in a changing economy—an insight that will help you further reduce risk and minimize losses. |
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| Auto finance companies can use Job Security Scores in their marketing campaigns, mail suppression process, and application approval process and in managing delinquencies and charge-offs more effectively. |
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| To find out how you can incorporate Job Security Score into your businesses’ credit decisions and put Scorelogix’s advanced research and cutting-edge risk-scoring model to work for you, call to speak with a Scorelogix income risk expert at (302) 328-1210. |
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