Household Combined Credit report is an Equifax proprietary solution that allows you to pull a consolidated Combined Credit (Retail + Microfinance) report for a household - applicant and upto 5 household members via a single enquiry. The report consists of a summary of the credit exposure of each member of the household allowing for a concise view of reported incomes, exposures and default indicators.
Streamline credit decisioning journey
Previously, lenders could only view the reported income and aggregated equated monthly installments (EMI) obligations of individuals. To make assessments at the household level, lenders needed to pull multiple reports for each household member and aggregate them to understand the household position. With this product, the manual process faced by lenders on a day-to-day basis is addressed, providing a holistic solution to aid Microfinance credit decisioning.
Retail Credit Information Report
Evaluate your customers better through comprehensive insights of their credit history