How using FICO’s Innovation Lab can help future-proof for evolving economic conditions and credit risk decisions

In a challenging economic environment with reduced demand for credit, banks need to strengthen their risk management tools and strategy to stay competitive

Factors driving credit score decreases observed among student loan holders involved behaviors such as delinquency on credit products including bankcards, auto loans, and mortgages

Research shows balance aggregation results in modest impact to FICO® Scores

Analysis identified modest impacts to FICO Scores from forbearance-related potential increases in mortgage balance.

The set-up of a score validation can greatly influence model performance results — and sometimes inflate them