Scorecards are essential tools, but they're tools, not solutions. Creative Business Decisions offers custom analyses, evaluations, and products that integrate scoring with the rest of the credit operation. An experienced senior advisor will work with you to develop an efficient, profitable lending operation. Of late, CBD has started using Artificial Intelligence (AI) tools to enhance the scorecard development process.
Credit Check Up;
Every lender needs a consistent credit policy. You have one - but do your people follow it? More important, do they understand it? Your associates may have widely differing assumptions about what makes a creditworthy customer, what will serve your lending operations bottom line, and when its right to bend the rules.
Credit Check-Upâï¿½¢, our review and validation process, evaluates both, your automated and manual decision-making processes. We will:
The results will allow you to close the gap between policy and practice, renew or replace outdated tools, and get your team pulling together.
If you don't already have a scorecard in place, our Credit Check Upâï¿½¢ is a great first step in the development process.
Best Bureau Choiceâï¿½¢
Each of the three national consumer credit bureaus will tell you that they're the best. But they all admit that there are a few geographic areas where they're only, well, a close second to the others. And they base their claims on overall coverage, not on the information that's critical to your business decisions.
CBD's Best Bureau Choice is a comparison study methodology. Using matched reports from the three bureaus, we find the regions where each one excels at delivering what your business needs to know about an applicant.
The result? You'll buy the right report, reduce your purchase of multiple reports, and speed up the approval process. That adds up to profitability.
Which of your loans are actually making you money?
Which products, dealers, distribution channels, and branches are supplying you with the best paper. You need to know
Collection Strategy Analysis
You've set up a first-rate collection operation. Systems, management, training, and incentives are all in place. Now you need to find the treatment strategy for each group of delinquent accounts that will maximize returns.
Collection strategy analysis helps you set up experiments, evaluate the results, and fine-tune your timing, treatment, and outsourcing decisions.