Personal Credit Rating
PRODUCTS / PERSONAL CREDİT RATİNG
Personal Credit Rating
Decision support product based on statistical models
A decision support product based on statistical models, the Personal Credit Rating (PCR) is a quantitative indicator for individual customers, calculated to predict and compare customers’ ability to repay the loans they have taken or will take from KKB member institutions. In other words, PCR is a summary of customer information obtained via the Credit Reference System.
Credit ratings generated by credit bureaus differ from models developed by institutions specifically for their own portfolios, in that credit ratings reflect the profile of borrowers on a nation-wide basis. A key benefit of credit ratings is that they offer a comparative risk level of individuals against the country average.
PCR enables lending institutions to make rational, standardized risk decisions while shortening the decision-making process considerably.
PCR predicts loan repayment probabilities of customers, based on their previous loans and payment behavior. This enables institutions to make more accurate decisions, reducing their losses while helping them make decision-making processes more automatic, cutting down on their operational costs and increasing profit margins.
Who Can Use It & How to Use?
KKB member may benefit from PCR at all stages of the transaction from customer management to debt collection.
