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Equifax - Comprehensive Credit Reporting

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Article

The 'Age of Big Data' is now upon us, and cannot be reversed.

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Article

Adverse selection will become a reality with the increase in consumption and supply of CCR data - but what exactly is it?

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Article

Negative data alone does not always provide the complete picture of an individual's creditworthiness. Utilising bureau data can help lenders better manage risk and improve customer experience.

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Article

CCR data is complex, and can have an effect on many areas of your business. In this article, we list 8 ways you can maximise the value of CCR data.

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Article

As of April 2017, the percentage of CCR loaded accounts increased to 27% - the first increase since early 2016.

Why CCR?

Comprehensive Credit Reporting (CCR) allows lenders to make better decisions that benefit and protect both their business and their customers.

Increase your applicant pool. CCR reveals additional pockets of lower risk customers and creates positive credit history for individuals who previously had none.

Differentiate your product. CCR helps you segment the 90+% of the market with no adverse and get the right customers in the door at the right price.

Lead with customer service. CCR empowers consumers with higher credit risk scores to negotiate better rates, reduces time to decision, and improves ongoing treatment.

Reduce wasted efforts. CCR creates more scoreable customers, reduces the need for manual reviews, and improves ROI on collections by distinguishing lazy payers from those struggling.

27% - The percentage of open financial services  accounts that have loaded CCR data to Equifax’s bureau.

Implementing CCR

 

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