Ease your risk management with Experian credit risk
Rating: 7 out of 10
November 17, 2021
Vetted Review
Verified User
2 years of experience
Our company is involved in granting credit to its users to generate interest income. While this is a great revenue opportunity we want to be mindful of the risk we are undertaking. Experian credit risk helps us precisely with this. We are also using it for several upcoming businesses to whitelist the first set of early safe customers.
- Detailed past history of credit repayments
- Information on credit appetite of the user
- Insights on the overall credit risk associated with a user
- Prediction on how the risk would change basis user behavior
Cons
- Algorithm could be more transparent
- Sometimes the recommended actions don't end up immediately increasing score
- Too costly
- Credit score
- Detailed factors affecting the credit score
- Predictions on default rates
- Helped reduce overall defaults on our credit portfolio
- Structured data from a single source means much faster processing of credit requested
- Helping users take right action to improve their credit score
Experian has much wider coverage, more reliable data, and gives predictions on default rates reliably.