Assess credit risk
Assess ability to pay based on inquiries, payment behavior, and payment performance leveraging our alternative FCRA-compliant score
Traditional credit scores are a standardized tool used to assess creditworthiness but are a lagging indicator, not providing the complete and most up-to-date view of a consumer’s true financial health. Incorporating alternative data like bank account and payment intelligence can provide additional value in assessing creditworthiness.
vCredit® is a low friction, predictive credit risk score that integrates proprietary bank account and payment intelligence from ValidiFI’s data network. By analyzing a historical view of past behavior and considering current circumstances, vCredit® helps:
- Make optimized consumer credit line offers
- Identify best-fit product placements
- Expand consumer acceptance
- Optimize loan approvals while minimizing risk
vCredit®
vCredit® provides a more precise prediction of ability to pay and likelihood of payment issues:
- Consumers with lower scores default over 50% more often than the average consumer
- Consumers with scores on the high end default nearly 20% less than average
The value for your business
Holistic View of Consumers
Identify potential risks and opportunities not captured in traditional credit reports
Improved Decision-Making
Analyze potential customer's past inquiries, loan performance, and account behavior
Drive Portfolio Growth
Optimize loan approvals while minimizing risk with our FCRA-compliant score
Related resources
Related products
vFraud®
Pair with vCredit to identify suspicious activity and high-frequency changes in accounts and consumer information.
Frequently asked questions
vCredit® is a predictive credit risk score that is also FCRA compliant. Lenders and Financial service providers use vCredit® to help approve, decline, and make more accurate pricing decisions, with Adverse Action reason codes provided.
vCredit® is used by many of our lending clients to assess second look, non-prime or underbanked consumers to make better credit decisions, credit line increases, and expand their portfolios.
vCredit® delivers a highly predictive credit risk score powered by hundreds of attributes on tradelines, payment performance, and velocity metrics.
vCredit® helps predict an individual’s likelihood to default, much like traditional credit scores, but vCredit® leverages predictive bank account and payment information to provide a more accurate assessment of creditworthiness.
Yes, all customers are required to report their performance data as we are a give-to-get data model. By doing this, all customers gain tremendous value from accessing a much larger database of information than they would without data contribution across the network.