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Equifax launches new risk score

Equifax launches new risk score

09 Dec 2011
The Economic Times

Edition: All editions - Pag 12

 

Mumbai: Credit information firm Equifax has launched a Risk Score and a series of new portfolio review products, aimed at helping banks acquire new clients. This ‘Risk Score’ is designed to predict the likelihood of a customer defaulting in the next 12 months. An individual can access this Score, along with his/her credit information report, for Rs 400. According to the company, the new portfolio review services will help banks and financial institutions predict borrowers’ repayment patterns