Excerpt from: {see} Digital Magazine - Issue #1
Published: December 12, 2007



THIN-FILE CREDIT

UNLOCKING REVENUE POTENTIAL

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

The full HD experience -Leading The Way Conference

View Our Other Articles From This Issue of {see} Magazine

IDENTITY FRAUD

KNOW YOUR FREEZE LAWS

MOTIVATING WITHOUT MONEY

THE HARDEST THING TO DO IS ACQUIRE A NEW CUSTOMER… THE EASIEST IS TO LOSE THEM

PREPAID CARDS: PROFIT OR MONEY LAUNDERING BANE?

 
 
FEATURED PRODUCTS
Business Solutions Newsfeed   Subscribe To Microbilts Business Solutions News Feed

The state of California moved a step closer to approving new rules on debt collection practices this week. Consumer advocates have trumpeted the regulations as a win for state
...[More]
Average household debt in the U.S. is more than $15,000. While consumer debt dwindled in the years following the global economic collapse, credit volumes are expected to soar
...[More]
A Lakewood, Ohio, landlord's failure to conduct a background check and credit report screening on his tenants resulted in fines of more than $300 - with more possibly on t
...[More]
Consumer Credit Reports
Bank, Finance and Leasing: Credit Union: Leverage New Account Opening Solutions...MicroBilt's new account desk solutions provide rapid access to accurate ... more

Find Us: