| Job Score Predicts Credit Risk |
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| Job Security Score is the new industry standard in consumer credit risk scoring |
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| Scorelogix® is a pioneer in job risk scoring and the developer of the world’s first Job Security Score™ which predicts job-loss and income-loss risk for individuals based on their personal profile and economic factors impacting their jobs. And since job loss is a key driver of bankruptcies, losses, and delinquencies, therefore Job Security Score™ has significant applications as a credit risk predictor, both as a supplementary credit score and a primary credit score when conventional credit scores are not available or are unreliable. |
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| Job Security Score™ is unique in that it predicts credit risk due to unemployment that is not captured by credit bureau score and therefore is a new and powerful tool for minimizing credit default risk. Job Security Score™ helps financial institutions predict consumer credit risk more accurately by forecasting person-specific income risk. It also helps direct marketing companies develop superior prospect mailing lists by focusing on consumer preferences by their job security level. |
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| Advantages Of Job Security Score |
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 When businesses have the ability to understand their customers’ risk of becoming unemployed, they gain an insight that is critically relevant which allows them to better target their messages and products to consumers that fit best with their goals. Anticipating the employment outlook of customers and prospects gives businesses a crucial edge, since income is the primary determinant of consumer’s capacity to manage credit, and job score gives businesses the ability to understand this critical ‘capacity to pay’ risk.
And because Job Security Score is the best indicator of credit risk, its applications are in all those areas that involve credit risk assessment or predicting credit dependent behavior. A few of these applications are in the areas of: mail/no-mail list preparation, prospect screening, mail suppression, pre-approved or pre-qualified lists, approval decisioning, APR and credit line decisions, account credit reviews, terms and offer reviews, cross selling decisions, pre-delinquency and in-delinquency strategies, debt management strategies, bankruptcy prevention, and other loss mitigation and management strategies.
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| With Job Security Score, businesses get these advantages: |
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a more accurate picture of consumer’s credit risk, in both good and bad economic times |
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a proactive and a leading indicator of credit risk (unlike credit bureau scores, which are reactive and lagging) |
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improved credit risk prediction capabilities |
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| Click on one of the following Job Security Score applications to find out how Scorelogix benefits companies in your business area. |
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| Get the Job Security Score Advantage |
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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 unemployment risk expert at (302) 328-1210. |
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