Powered by Canada’s largest consumer database, FICO® Score 10 based on Equifax data is engineered to outperform all prior FICO Scores. FICO Score 10 offers the precision you need based on a proven scoring blueprint for an even higher level of consumer credit risk prediction.
Features of FICO Score 10 based on Equifax data include:
- Improved predictive power on all consumer lending products – including mortgages, auto loans, credit cards, and personal loans.
- Refined segmentation for enhanced score dynamics and stability, including the addition of a new scorecard to optimize predictive power across segments.
- An enhanced collections treatment that excludes paid collections debt entirely. FICO research shows that risk prediction is improved by disregarding all paid third-party collections debt regardless of the amount.
- Multiple goal methodology, which allows for performance optimization across lifecycle stages with enhanced focus on originations.
FICO Score 10 based on Equifax data supports more predictive consumer credit risk management for lenders while continuing to support a consistent customer experience.