Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022)
Fico Collections
DECEMBER 8, 2022
As seen in Figure 1, in the unstressed economy of 2013-15, this would have aligned with a simple FICO® Score cut-off of 640 or higher. Figure 1: Auto finance account origination default rates by FICO® Auto Score 8, Oct 13-Oct 15 and Oct 07-Oct 09 versus a theoretical 3% default rate cut-off. Economic Scenario. Economic Scenario.
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