KENNESAW, GA & MINNEAPOLIS – MicroBilt Corporation, an information provider that helps banks and businesses reduce risk, and Fair Isaac Corporation, pioneer of the FICO® credit score used by most lenders to evaluate consumer credit risk, today announced that MicroBilt will resell Fair Isaac’s consumer products to U.S. lenders for use in marketing, acquisition and customer retention programs.
“Lenders tell us their prospects and customers value knowing their scores and what they can do to improve and safeguard them,” said Cheri St. John, vice president of Global Scoring and Consumer Solutions for Fair Isaac. “By helping consumers understand and protect their scores, lenders also increase customer loyalty. Our myFICO products have helped millions of consumers gain these insights, and through MicroBilt, lenders now can leverage these products in a win-win solution.”
MicroBilt will include products from myFICO®, Fair Isaac’s consumer division, in a new suite of Identity and Credit Protection Packages that MicroBilt is launching in response to the growing frequency of identity theft. These Packages will help consumers avoid becoming victims of identity theft and, if necessary, restore and mitigate the effects of identity theft.
“By adding myFICO’s credit-advice products to our existing delivery stream, we are helping lenders of every size find more attractive prospects and guide those prospects toward better credit habits and performance,” said Ken Hill, president of MicroBilt. “The potential return for MicroBilt’s clients is improved portfolio quality and better customer retention.”
MicroBilt will offer its Protection Packages as group programs to credit unions, banks, financial intermediaries and dealers to complement the products and services afforded to their customers and members. Each MicroBilt Protection Package will include materials to alert individuals to the threat of identity theft, provide information on how to avoid becoming a victim, and guide individuals on managing their credit through use of the offered myFICO products while protecting themselves against the loss of time and money associated with identity restoration.
Lenders can turn to MicroBilt for these leading-edge Identity and Credit Protection Packages, which will include the advantages of FICO credit scores, or lenders can choose to offer them separately as incentive-based gifts to customers. The packages are designed to benefit both customers and lenders by helping consumers reduce their credit risk over time or protect themselves from identity theft. Fair Isaac’s web site www.myFICO.com is the exclusive consumer source for FICO credit scores from all three national credit reporting agencies.
