Lending is all about predicting what lies ahead — be it opportunities for growth or threats on the horizon. For lenders, there’s no bigger threat than bankruptcy. Unfortunately, today’s shifting market dynamics and consumer behaviours are making these threats harder to see.
Not all customers experiencing severe financial strain exhibit delinquencies on their accounts, and in this rapidly evolving market, some scores and models may not be equipped to accurately assess the warning signs of potential bankruptcy.
Bankruptcy Navigator Index® 4.0 (BNI 4.0) helps you identify the warning signs of bankruptcy, even in customers who’ve never missed a payment. The latest in bankruptcy risk assessment from Equifax, BNI 4.0 helps you efficiently monitor portfolios. So you can better identify vulnerable customers and respond accordingl