Equity Indicator
What is Equity Indicator?
Hometrack has joined forces with the credit reference agency Callcredit in developing the Equity Indicator – a product capable of assessing an individual’s total and mortgage debts against the underlying value of their house.
Why you need it
With a complete understanding of a person’s indebtedness, Equity Indicator enables a user to better manage credit risk and plan effective growth strategies. Moreover, in being able to anticipate a customer’s future financial status and limiting excessive credit to those with limited equity or scope to repay, it complies with Treating Customers Fairly initiatives.
Who is it for?
- Primarily targeted at non mortgage lending such as credit card, personal loans and current accounts
- Banks and building societies – Credit Risk, Risk Directors, Chief Financial Officers and Head of Arrears and Collections
Key benefits
With a compelling combination of debt and asset data, a user is able to make a broad assessment of a customer’s debt servicing capacity and from this, align customers to the most appropriate credit strategy. The result is an ability to manage growth with acceptable and measurable risk.
For further information
For more information about Equity Indicator please contact:
Gary Styles
gstyles@hometrack.co.uk
