ATLANTA (11/7/13)--Equifax has launched its fourth generation Bankruptcy Navigator Index (BNI) score, a predictive bankruptcy risk score.
With BNI 4.0, lenders, including credit unions, can make more confident risk decisions into potential consumer bankruptcy, Equifax said.
"This is our most effective consumer bankruptcy risk score yet, providing deeper and more predictive insights driven by wider data and more powerful analytics," said John Cullerton, Equifax senior vice president of product innovation and management. "BNI 4.0 will give lenders the ability to predict and avoid potential consumer bankruptcies with improved performance and more consistent decision making."
BNI 4 can improve bankruptcy risk prediction by up to 10%, and increase score stability with random samples from the Equifax credit database, Equifax said. BNI 4.0 also can be integrated throughout the member lifecycle and with other Equifax risk tools.
Equifax BNI 4.0 risk score is available online for acquisition and onboarding, and offline for account review.