Credit Chex turns to Experian to develop credit bureau scores for the expanding Pakistani consumer credit industry

10.05.08 - 13:11 ... source : Experian Decision Analytics

... Press Release Pakistan, 10expanding Pakistani consumer credit industry. This new service will give Pakistani credit grantors access to the Credit Chex Bureau Score, developed under licence from Experian, to enable them to make faster, better and more consistent credit decisions for new and existing customers. Paki stani banks, finance houses, credit card issuers, and other companies deemed appropriate by the Pakistani Banking Regulation and Supervision Agency will all benefit from the new service. "Risk management is a crucial element in the lending pr ocess, not only when a customer first applies for credit, but throughout the customer life cycle," said R oberto Giannantoni, Head of Credit Bureau solutions at Experian Decision Analytics. "Credit scoring reduce s the element of subjectivity in lending decisions, thereby allowing much more effective business management. A credit score represents the statistical probability of an account falling into arrears; it enables the use of statis ...» Next (PDF)