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Equifax launches new risk score

Equifax launches new risk score

09 Dec 2011
Mint

Edition: All editions - Pag 11

 

Equifax Credit Information Services, an aggregator of consumer credit history, has launched a new risk score and a series of portfolio review products which will help lenders in credit delivery. “The newly launched marketlevel risk score is designed to predict the likelihood that a customer will default in the next 12 months. So, it will help financial institutions to monitor their loan portfolios,” Equifax managing director and chief executive Samir Bhatia said in Mumbai. Equifax is provides credit history data to individual customers for a fee of Rs 400

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