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IndebtednessMetric
IndebtednessMetric has been designed to help with the assessment of over-indebtedness where information about an applicant's income is not available.
Using information primarily from the credit bureau together with limited applicant information allows an index to be generated that provides a relative measure of the level of debt an applicant has.
Prior to using IndebtednessMetric, a simple calibration exercise is undertaken to identify the index levels appropriate to the lender's portfolio and then implementation is typically achieved via a matrix of credit score and indebtedness so that areas of conflict in the automated risk assessment can be identified and investigated further.
IndebtednessMetric is delivered and interfaced to a Client's application processing system via a web service and works using data from any of the three credit bureaux.
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