The FICO Expansion Score will help you serve those customers who typically have little to no credit history. Developed by Fair Isaac, the FICO Expansion score is a credit risk model based on a broad set of alternative data sources.

Of the 215 million credit-eligible consumers in the US, approximately 25% have little or no history at the three major US credit reporting agencies. Many consumers such as young adults, immigrants, those recently widowed or divorced and individuals who have traditionally operated on a "cash basis" are unable to participate in mainstream consumer finance as they lack sufficient data at the credit bureaus to generate a traditional FICO risk score.

Increase Revenues
With CreditCommander.com, you have the ability to tap into this underserved market. MicroBilt, one of the first to partner with Fair Isaac, now offers this product directly through CreditCommander.com. Users have the option of automatically or manually requesting a FICO Expansion Score whenever a ‘no hit’ or ‘thin file’ is received. You now can be one of the first to deliver this alternative score, allowing users to quickly assess the risk of these underserved consumers in a quick, reliable and cost efficient manner.

About the FICO Expansion Score
Designed by Fair Isaac and their high standard of predictive analytics, the score includes aggregated data from both positive and negative non-traditional credit data sources.

These sources include:

• Application data
• In the case of thin files, data returned from bureau
• Payment history from rental activity, utility and phone bill payments, membership payment obligations, retail purchases, checking and debit account activity and more!

Industry Specific FICO Expansion Scores
Based upon your business, you may select one of the following 'industry specific' scores to use:

• Auto Loan and Lease
• Credit Card and Retail
• Mortgage and Home Equity

The returned score will relate to your specific lending needs.

*The FICO Expansion Score is a FCRA regulated product and requires appropriate credentialing. If you are not already FCRA approved through MicroBilt, we will initiate the approval process.

To learn more about this new CreditCommander.com release, sign-up to attend one the following sessions:

To RSVP and receive connection details,
simply email us at microbilt@microbilt.com

Please indicate in the subject field either:

‘release training 11/22/05’
OR
‘release training 11/29/05’.

We will then forward the connection details to you within 24 hours of the scheduled training time. These sessions are complimentary and require dedicated telephone access as well as Internet access.

The new Targus Info database enables you to authenticate  applicant information  instantly through CreditCommander.com. Once you collect information from the applicant including the applicant's phone number, the Targus Info database retrieves the information associated with the phone number permitting you to verify the information provided on by the applicant with the information contained in the database.  Description codes include Standard Telephone, Individual, Business, Mobile , Maritime, 800 Service, 900 Service, Broadband, and whether Shared between standard telephone and cellular are provided by Targus.

This product can also be used to  auto-populate an application in seconds by simply typing in any phone number for an individual or business.

With the availability of the Targus Info's Database, CreditCommander.com is now your best source for accessing telephone number based information on over 200 million residential and business listings. To help in the decision-making process, Targus Info's Database links virtually every phone number, name and address in North America with additional relevant information such as demographics, phone type, phone location, purchase propensity scores, verification confidence scores, and risk assessment factors.