Experian’s Income Insight SM helps you give line increases to consumers who have the greatest ability to pay. In the following example, we compare Income Insight with stated income provided by consumers. This information is relevant for determining line assignments for acquisitions of new accounts and in account management. By looking at a consumer’s income, you can assess his or her ability to pay or fulfill a debt obligation.
In Chart 1, you will see that Income Insight shows more consumers with higher incomes compared with consumer-stated income. This is in part expected, as Income Insight includes other types of nonsalary income where consumers often provide only salary data when reporting stated income. Click here to read more…
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