On average about 22% of all credit applicants are thin-file. The question then is what do you do?
Through a FICO Expansion Score you determine a threshold using the same determining factors you would with a standard FICO report. FICO Expansion Score report pools more granular data and then compares it to your threshold allowing you to determine credit-worthiness to applicants with otherwise thin-files.
Of thin files, 80% on average, are credit worthy. By taking 80% of the total number of thin-file cases and multiplying that number by your average sale price, it’s possible to calculate potential.
MicroBilt has prepared an online calculator to estimate the amount of revenue you could generate monthly through the better decisioning of a FICO Expansion Score.
Visit {see} Digital Magazine to Use this Interactive Revenue Calculator