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VedaScore Consumer - Scored Risk Assessments
TARGET
VERIFY
ASSESS
A critical aspect of running a business is to understand who your prospective customers are. To do this you can conduct a basic credit check but you can also further enhance your decision making power by using a scorecard on all applicant data.
Scoring provides additional benefits over conducting a basic credit enquiry. Not all high risk applicants have derogatory information. VedaScores identify 'clean' high risk applicants that are equally as risky as those applicants with prior derogatories. Scores take into account the risk profile across millions of credit files, and are based on quantitative fact, rather than a person's view of what's risky and what's not.
How can scoring benefit my business?
VedaScore Consumer is an objective tool designed to assist you in the decision making process at the time of application. It measures the likelihood of adverse information appearing on a credit file in the following 12 months. The numerical score is used to rank potential customers which can contribute to your decision making processes or procedures on whether an application for credit should be accepted or declined.
It is designed to be used in conjunction with your own credit or risk policy requirements and other information known or reasonably available to you about the customer which is independent to the bureau file comparison. Essentially, it's another piece of independent information that you can use in the assessment process. The score is a statistical compilation of the information held by the bureau.
An improved scoring solution
The VedaScore Consumer suite of products enhances your decision making power in both the financial and telecommunication sectors. It is built using sophisticated statistical techniques on a superior dataset. The Veda Consumer plus Commercial score gives you a complete bureau profile.
The VedaScore suite includes the following products:
- VedaScore Financial Consumer
- VedaScore Financial Consumer plus Commercial
- VedaScore Telco Consumer
- VedaScore Telco Consumer plus Commercial.
The enhanced predictive power of VedaScore gives you:
- Increased profitability
- Better informed decisions
- Improved portfolio management
- More accurate loss predictions.
How much does it cost?
Our pricing plans include graded benefits linked to your annual spend.
Contact our Customer Service Centre on 1300 921 621 for more information.
What else should I know?
To subscribe and begin using this product or to discuss how we can tailor a solution to meet your needs, please call 1300 921 621.
For more information on our products and services designed to help you target customers, verify identity and assess risk and potential
Call our Specialists
1300 921 621
