A new TransUnion payment study found that consumers able to pay more than the minimum due on their credit cards have much lower delinquency rates on not only their credit cards—but also their auto loans.
A top five financial institution sought to improve performance of of their underwriting risk model for new credit card loans. Adding CreditVision Premium Algorithms to their custom model resulted in a 5.5% improvement in K-S (from 46.9 to 49.5).
A top five financial institution evaluated the performance of generic risk models on new credit card loans. CreditVision Risk outperformed a generic 3rd party risk model by 6.4% in K-S.