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"Detecting First-Party Misuse of Credit Before It Does Damage"

As credit applications rise, so does first-party credit misuse--a risk traditional scores may miss. This guide reveals how alternative data can help you identify high-risk applicants at origination, protecting your business from costly defaults.

In today's competitive lending market, a new high-risk applicant has emerged: consumers applying for credit with no intention to repay. This first-party credit misuse can be difficult to detect with traditional fraud detection strategies. These high-risk applicants often slip through the cracks because traditional credit scores are not typically designed to assess credit abuse, and they use their own valid identities to bypass standard controls. To avoid significant losses, you must adapt your risk assessment process.

This guide explores how adding a critical layer of protection to your origination process can help you more accurately vet credit-seeking applicants. You’ll gain insights into what’s driving this spike in credit fraud, how it affects your business, and what you can do to mitigate it.

Download now and you'll learn:

• The key behaviors associated with credit misuse
• How alternative data can unmask high-risk applicants early
• Strategies to detect potential misuse at origination to prevent defaults
• How to integrate FCRA-compliant analytics into your existing workflow

Offered Free by: LexisNexis® Risk Solutions
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