TransUnion Launches Debt Index Solution
"The ever-changing economy is dramatically changing the way consumers manage their credit and the way credit grantors view risk in their portfolios. There is a heightened need to grant and extend credit to consumers, in a very different manner than to that of the past. TransUnion's Debt Index is an essential tool in that regard. It allows credit grantors to consider past behavioural issues resulting in non-payment and to take into account the future financial state of the average consumer," said John Fourie, Executive Director Solutions and Decisioning.
The Debt Index utilises bureau data and creates sophisticated risk intelligence. This effective tool enables companies to manage their risk throughout the customer life cycle including acquisition and in particular, in the account management and collections stages.
As a global leader in credit and information management, TransUnion creates advantages for millions of people and businesses around the world by gathering, analysing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Based in Johannesburg and Pretoria, with global headquarters located in Chicago in the US, TransUnion is Africa's oldest and leading provider of data-based business intelligence solutions. Visit www.transunion.co.za or www.mycredit.co.za for more information.