4.8.1.5 Customer Score

Customer score or FICO score, also referred to as Fair Isaac & Company credit score is a numeric summary of credit history compiled by the three major credit bureaus - Equifax, Trans Union, and Experian. This is obtained during Credit bureau pull and is one of the indicator for a customer (SSN) in the entire credit report.

The Customer Score tab displays all the customer FICO score data maintained in the system. Though the customer score is recorded while funding, the same can be captured and updated regularly during the life cycle of Lease to get a snapshot of credit score movements in recent history.

The customer score can be updated on required intervals by posting Customer Credit Score Update non-monetary transaction and the data is populated into this screen. For more information, refer to Customer / Business Credit Score Update section.

In the Customer Score Information section, select the required record and click View.

A brief description of the fields are given below:

Table 4-61 Customer Score Information

In this field View this
Txn Dt View the transaction posted date.
Score Received Dt View the date when customer score was received from credit bureau.
Relation Type Code View the account relation type (Primary, Spouse, and so on) which are attached to account.
Source View the name of credit bureau from where the credit score is received.
Score View the customer credit score value.
Reference Number View the reference number associated with the credit score.
Reason Code View the reason for posting this transaction.
Comments Additional information if any.