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Scorelogix® is a pioneer in job risk scoring and the developer of the world’s first Job Security Score™ which predicts job-loss and income-loss risk for individuals based on their personal profile and economic factors impacting their jobs. Job Security Score™ helps financial institutions predict consumer credit risk more accurately by forecasting person-specific income risk. It also helps direct marketing companies develop superior prospect mailing lists by focusing on consumer preferences by their job security level. |
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| Job loss is a key driver of bankruptcies, losses, and delinquencies, therefore Job Security Score™ has significant applications as a credit risk predictor, both as a supplementary credit score and a primary credit score when conventional credit scores are not available or are unreliable. Job Security Score™ is unique in that it predicts credit risk due to unemployment that is not captured by credit bureau score and therefore is a new and powerful tool for minimizing credit default risk. |
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| When credit card issuers use Job Security Score together with credit bureau scores, they get the full picture. The combination of looking back to assess the intrinsic risk factor of personal credit management and forward to measure the extrinsic risk to income, is a formula that helps you assess each card-member’s unique circumstances and position in the changing economy—an insight that helps you further reduce risk and minimize losses. In addition to predicting and managing card-member delinquencies and charge-offs more effectively, credit card companies use Job Security Scores in their marketing campaigns, mail suppression process, and application approval process. |
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| Scorelogix’s Job Security Score™ is fully validated, and is being tested by some of the top credit card issuers, mortgage companies and auto financing companies and is in the process of being implemented by two major financial institutions. |
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| To find out how you can incorporate Job Security Score into your credit decisions and put Scorelogix’s advanced research and cutting-edge risk-scoring model to work for you, call to speak with a Scorelogix job risk expert at (302) 328-1210. |
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