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Affordability & Indebtedness Score

Combine consumer income insight with information on current debt and credit usage to make informed lending decisions
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Product Overview

Equifax's Affordability and Indebtness Score incoporates information on your customer’s estimated income level, credit balances and usage, to offer a clearer understanding of the customer’s financial situation. Deployed at the point of application as well helping you to perform ongoing monitoring and management of affordability on existing customer portfolios, our toolset can help ensure you're offering the right outcome for your customers and supporting your regulatory requirements. 
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Affordability Assessments that Benefit Lenders and Consumers

See how different kinds of affordability measurements are changing the future of borrowing and lending and how this can be beneficial for both consumers and lenders. With a richer picture of a consumers creditworthiness combined with their affordability, and even greater insight via Current Account Turnover Data (CATO), lenders are able to refine their lending policies to accept more consumers while also maintaining or even reducing their bad debt rates.
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Enhanced Current Account Turnover (CATO)

Sometimes businesses need more detailed information to make fully informed decisions. That’s why we provide more in-depth CATO reports with more sets of characteristics. Get the data you need in the way you choose – batch, retrospectively, or XML.

• Compare incomes over different time periods
• Recognise potential financial vulnerabilities
• Identify income shock
• Verify gross and net income over shorter periods
• Run directional income assessments with multiple RAGs

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Speak to us about how we can help enhance your affordability and creditworthiness processes.
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Read about how our cutting edge Open Banking solution could transform your income verification processes.
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