Credit reference agency Callcredit, a member of the Skipton Information Group, has developed a new postcode level consumer indebtedness index to aid responsible lending and combat over-indebtedness.
GeoDebt provides lenders with an indebtedness profile of consumers based on where they live, which can be factored in to lending decisions and customer management strategies.
Callcredit’s product director Graham Lund said: “There is a strong correlation between where a person lives and their attitude towards debt so, depending on their postcode, two people with similar credit files could represent significantly different credit risks. GeoDebt is a powerful additional tool which lenders can use to make better informed, more accurate decisions about their customers.”
For this complete story, please visit CallCredit Launches New Postcode Level Consumer Indebtedness Index.
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