By applying financial durability measures across the portfolio, lenders can better identify accounts to PRIORITIZE FOR RETENTION – even among accounts with the same credit score.
Key Benefits for lenders:
- Better segment accounts for retention efforts
- Promote card / credit utilization among borrowers that most likely have financial resources to meet commitments
- Allow for churn among lower priority segments
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Data is for illustrative purposes only. Results may vary based on actual data and situation. Financial durability measures were not developed or intended to be used for the extension of credit to any individual, nor may they be used for purposes of determining an individual's creditworthiness or for any other purpose contemplated under the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq.