Detect Credit Misuse and Mitigate Risk
Gain insight into high-risk consumers from across the credit spectrum.
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Preventing credit misuse has been extremely challenging — until now.
Stop high risk applicants who may fall between the cracks of fraud and credit controls
As organizations look to grow their lending portfolios, they need new approaches to help defend against evolving risks.
Credit Misuse, sometimes referred to as first-party fraud, is a growing category of financial losses stemming from applicants who may intend to misuse credit at your organization, yet utilize their real identities and prime or near-prime credit histories to breeze past identity proofing controls and meet credit criteria.
LexisNexis® RiskView™ Credit Misuse combines traditional and alternative credit data to fill a gap at the point of application that allows these high-risk applicants to elude risk controls.
RiskView Credit Misuse equips you with the targeted insights you need to support more confident lending decisions:
Improve credit abuse prediction capabilities
Leverage near-real time visibility into an applicant's credit-seeking behaviors
Take adverse action and avoid costly step-up remediation
Increase portfolio performance by reducing open-to-boy for Credit Misuse account holders
Accelerate risk assessment with a unique view of consumer behavior
Add critical layers of protection
Detect credit misuse applicants that can pass through traditional authentication controls
Identify an extensive range of credit misuse threats
Prevent consumers who may intend to utilize their personal credit history to open accounts at your organization with no intention to repay
Enhance risk management
Identify existing customers who show signs of credit misuse elsewhere in the market, prior to bust-out
An easy-to-integrate solution that helps prevent future credit abuse
RiskView Credit Misuse provides a three-digit credit risk score with reason codes that empower you to explain why suspicious applications are declined, or if approved, why they failed to qualify for the best interest rates.
Analyze for intent
Identify high-loss incidents before they can harm your organization, including first-payment defaults and bust-outs.
FCRA-actionable assessments
Decline high-risk applicants and justify your lending decisions based on a risk score and provided reason codes.
Works with existing LexisNexis Risk Solutions products
Use with LexisNexis® RiskView™ Attributes or LexisNexis® RiskView™ Scores for added protection during risk assessment.
Featured Content
Reduce the credit misuse of credit
Learn more about how RiskView Credit Misuse can help identity applicants who may be seeking to abuse requested credit or services.
Be Prepared To Address Misuse of Credit
Learn how consumers are engaging in this type of first-party fraud, and what you can do about it.
Make more confident lending decisions
Learn how RiskView Credit Misuse can help fill a critical gap in risk assessment.
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