When it comes to consumer credit portfolios, the only constant is change. And, unfortunately, when lenders attempt to keep a good grasp on their consumer credit portfolios, change can be a major challenge.
The good news is there are tools to help proactively review consumer credit profiles faster and more frequently. With this type of information in hand, you can now make better risk-management decisions for your portfolio as a whole.
These tools are lending portfolio monitoring solutions. Employing such a system allows lenders to quickly identify, segment and prioritize accounts that meet designated risk levels to improve profitability.
What do lending portfolio monitoring solutions do for you?
They realize deeper insights to optimize strategies. The more in-depth information lenders gain, the better able they are at managing their portfolios in a way that meets goals and gain opportunities. Consistent lending portfolio review provides this.
#1: Predicting a consumer’s capacity to pay so you can improve: