CONSUMER INFORMATION SOLUTIONS
FICO® Risk Score, Classic v8
Key benefits
Increase profitability with proven predictive scoring
> A
ccelerate decision making
FICO® Risk Score, Classic v8 is a broad-based risk score that predicts the likelihood of an existing
account or potential credit consumer becoming seriously delinquent within 24 months. Developed by
FICO® using Equifax data, FICO® Risk Score, Classic v8 delivers an enhanced consumer credit risk
assessment to help improve acquisition, reduce losses and increase revenue.
> Identify applicant risk
FICO® Risk Score, Classic v8 provides comprehensive and current risk perspective built from 12
distinct scorecards to help:
> A
dvance acquisition rates
> S
trengthen compliance
> S
treamline account
management
 Approve new accounts
 Cross-sell to existing customers
 Set risk-based pricing
 Manage accounts
 Set credit limits, deposits or down payments
 Close high-risk accounts
 Re-issue credit cards or lines of credit
 Set collection strategies
Targeted risk insight drives maximum account revenue
FICO® Risk Score, Classic v8 combines the reliability of proven Equifax consumer credit data with
advanced searching and matching logic to give your business an expanded view of current consumer
credit risk, including bankruptcies, charge-offs, repossessions, loan defaults and delinquencies. Using the
insights delivered by FICO® Risk Score, Classic v8 you can evaluate new and established credit files and
easily segment accounts for more targeted risk-based pricing. FICO® Risk Score, Classic v8 supports the
approval of more low-risk applicants without increasing your loss rate. The intuitive FICO® Risk Score,
Classic v8 score helps identify areas of potential risk exposure so you can manage accounts based on
future risk. For more targeted risk perspective, FICO® Risk Score, Classic v8 Industry Options deliver
industry-specific risk assessment for the Auto, Bankcard and Mortgage industries to help further refine
segmentation and reduce losses.
Support stronger compliance efforts
FICO® Risk Score, Classic v8 helps improve compliance by providing four reason statements and
a fifth reason statement designed to support FACTA regulations. FICO® Risk Score, Classic v8 also
considers Authorized Users tradeline information to support compliance with federal regulations and
reduce exposure to authorized user abuses.
FICO® Risk Score, Classic v8 is available in several delivery modes to fit your business processes.
Increase profitability and protect performance with the proven risk assessment power of FICO® RISK
SCORE, CLASSIC V8.
more
09 Classic
on a Sample
FICO®BEACON
Risk Score,
V8 onACROFILE
a Sample Report
ACROFILE Report
FICO® Risk
Score,09Classic
canonline
be used
BEACON
can bev8
used
with aonline
with a wide
riskassessment
assessment
widerange
range of
of Equifax
Equifax risk
®
®
productsproducts
including
ACROFILE
, ACROFILE
PLUSTM
including
ACROFILE
, ACROFILE
TM
®
and Equifax
.
PLUSDecision
and Equifax
PowerDecision
. Use Power
FICO®®Risk
Use
BEACON
09
offline
with
Equifax
Score, Classic v8 offline with Equifax prescreening
prescreening
and account
management
and account
management
products
for solicitation
products for solicitation strategies and
strategies and portfolio review criteria.
1
Scoresrange
rangefrom
from300
300toto850
850 –– the
the higher
higher the
the score,
score,the
the lower
lower the
the potential
potential for serious
Scores
delinquency.
for serious delinquency.
2
Uptotofour
fourreason
reasonstatements
statements explain
explain the
the most
most significant
significant factors
factors as
as toto why
why the
the individual’s score
Up
not be
higher.
can be used
explanations
for applicants
isindividual’s
not higher.score
Theseiscan
usedThese
as explanations
forasapplicants
not meeting
your criteria.
not meeting your criteria.
1
portfolio review criteria.
 Features
12 distinct
scorecards
– increased
• Features
12 distinct
scorecards
–
from
10 – for
refined
from 10 increased
– for more
refined
riskmore
assessment.
risk assessment.
– Four scorecards
evaluate future risk among
– Four scorecards evaluate future risk
consumers
with
prior
serious
among consumers
withdelinquency/
prior serious
delinquency/derogs.
derogs.
– Eight scorecards reflect trends
– Eight scorecards
reflect trends
among
among consumers
with no
reported
instances
serious instances of
consumers
with noof reported
delinquency/derogs.
serious delinquency/derogs.
• Scores range from 300-850® – the
®
higherfrom
the score,
the lower
the higher
potential
 Scores range
300-850
– the
for
serious
delinquency.
the score, the lower the potential for serious
– Considers the degree of “bad”
delinquency.
behavior (90+ days past due) over
span
of 24 of
months
to (90+
– Considersthethe
degree
“bad”relative
behavior
“good behavior.”
days past due) over the span of 24 months
• Up to four reason statements explain
relativetheto most
“goodsignificant
behavior.”
factors as to why
individual's score is not higher, plus
 Up to fourthe
reason
statements explain the most
a fifth reason statement to comply with
significantFACTA
factors
as to whyThese
the individual's
regulations.
can be usedscore
as explanations
applicants
not to
is not higher,
plus a fifthfor
reason
statement
meeting your criteria.
comply with FACTA regulations. These can be
• Considers Authorized User (AU) tradeline
used as explanations
applicants
notneed
meeting
information to for
support
lenders'
to
comply
with
federal
regulations
for
your criteria.
spousal use, as well as to mitigate
against
AU abuse.
 Considers
Authorized
User (AU) tradeline
information
to amount
supportcollection
lenders'and
need
to comply
• Small
public
record
items (under
are use,
no longer
with federal
regulations
for$100)
spousal
as well
evaluated. This ensures consumers are
as to mitigate
againstimpacted
AU abuse.
not negatively
by relatively
2
BEACON 09 SCORE:
762
LACK OF RECENT INSTALLMENT LOAN INFORMATION
NO RECENT REVOLVING BALANCES
TOO FEW ACCOUNTS CURRENTLY PAID AS AGREED
NO RECENT NON-MORTGAGE BALANCE INFORMATION
00032/00024/00019/00017
*********************************************************************
* ADDRESS DISCREPANCY - NO SUBSTANTIAL DIFFERENCE OCCURRED
*
*********************************************************************
* REGION 401 EQUIFAX INFORMATION SERVICES LLC
1140 HAMMOND DRIVE BUILDING E SUITE 5200,ATLANTA,GA,30328,770/375-2585
FN 000-0008094-32-979
05/06/09
PG1
*BEACON,SCORE
SINCE 04/24/09 FAD 05/06/09
405,OAK,RD,ATLANTA,GA,CRT RPTD 04/09
*SUM-03/00-03/09,PR/OI-NO,FB-NO, ACCTS:3,HC$2000-5000, 3-ONES.
*INQS-SUBJECT SHOWS 5 INQUIRIES SINCE 02/09
JWH
285FM2411 05/06/09
CDL/NAVALM 015FC270
05/06/09
JWH
285FM2411 05/05/09
JWH
285FM2411 05/04/09
FUSA BANK 155ON85
03/21/09
-------------------------------------------------------------------------------4-©
1
SESS-1
172.18.128.95
A20TC642
1/1
FN 000-0008094-32-979
BEACON
PG002
*-------------------------------PAYMENT PRACTICE-----------------------------REPORTED |BALANCE
|DFD / DLA |DURATION |DEFER DATE|MONTHS REV|ECOA
OPENED
|HIGH CRDT |LST PAY DT|FREQUENCY |BLOON DATE|PAST DUE |CLASS
*CLSD/MJDEL|CRDT LIMIT|ACT PAY AM|SCH PYMT |BLOON PYMT|CHRGE OFF |ACTVTY DESI
*----------------------------------------------------------------------------BANK OF NORTH AMERIC /403BB4441
I-1
#-123456789
03/00/2009|$0
|07/00/2008|180D
| / /
|12
|INDIVIDUAL
03/00/2002|$5000
| / /
|
| / /
|$
|
/ /
|$
|$
|$
|$
|$
|
*----------------------------------------------------------------------------SUNTRUST BANK,SOUTH /403BB4581
R-1
#-987654321
03/00/2009|$0
|04/00/2007|250M
| / /
|12
|INDIVIDUAL
03/00/2000|$2000
| / /
|
| / /
|$
|
/ /
|$
|$
|$
|$
|$
|
*----------------------------------------------------------------------------SUNTRUST BANK,SOUTH /403BB4839
O-1
#-22228888
03/00/2009|$0
|03/00/2007|130D
| / /
|12
|INDIVIDUAL
03/00/2002|$3000
| / /
|
| / /
|$
|
/ /
|$
|$
|$
|$
|$
|
& END OF REPORT
minor occurrences of these items.
 Small amount collection and public record items
(under $100) are no longer evaluated. This
ensures consumers are not negatively impacted
by relatively minor occurrences of these items.
-------------------------------------------------------------------------------4-©
1
SESS-1
172.18.128.95
A20TC642
1/1
Equifax, ACROFILE, Equifax Decision Power and BEACON are registered trademarks of Equifax Inc.
Inform Enrich Empower is a trademark of Equifax Inc. Equifax ePORT and ACROFILE PLUS are
trademarks of Equifax Inc. FICO is a trademark of Fair Isaac Corporation. Copyright © 2009,
Equifax Inc., Atlanta, Georgia. All rights reserved.
Contact Us Today
866-816-8573
www.equifax.com/consumer
EFS-920-ADV—5/09
EFX-00190-2-14
Equifax and EFX are registered trademarks of Equifax Inc. Inform > Enrich > Empower and Risk Reveal are trademarks of Equifax Inc. All other trademarks
and service marks not owned by Equifax Inc. or its affiliated companies are the property of their respective owners. Copyright © 2014, Equifax Inc., Atlanta,
Georgia. All rights reserved.