Equifax: Financial Durability Index (Demo/Sample)
Sample data representing a household’s likely financial resilience, even under financial stress
Financial Durability isn’t always obvious. A consumer may have the same credit risk profile, but differing levels of financial durability because traditional credit scores don’t tell you what’s in a consumer’s financial wallet. Financial Durability Index provides unique insight into households’ likely financial resilience — meaning how likely a household is able to keep spending, plus meet current and future financial obligations, even when under financial stress.
As a household-level scoring system, Financial Durability Index provides a 1 to 5 rating, with a 5 representing households that are the most financially resilient. The patent-pending Financial Durability Index model provides an indicator of financial resilience by analyzing the intersection of multiple financial capacity measures:
Affluence — based on a foundation of anonymous invested assets
Estimated total household income — based on income from wages, assets, business, and retirement funds
Spending power — discretionary funds available to spend, save, or invest, after accounting for fixed expenses of life
Aggregated credit — such as credit utilization and delinquencies
Financial Durability Index can be used for non-FCRA applications across the customer lifecycle. It can help marketers and risk managers differentiate consumers for acquisition efforts, inform pre-collections strategies, assist with treatment prioritization for delinquent accounts, and increase recovery for accounts in collections.
Financial Durability Index
Financial Durability Index can be bundled with our other financial capacity measures such as Ability to Pay Index™, Income360, Affluence Index™ or Spending Power™ to provide an even more granular view of household financial health and resilience.
Disclaimer: The information in this data set is fictitious, should be treated as such, and should be used only for testing purposes. Information in the data set does not represent any known business or consumer.
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