Checks an individual's likely of defualting on credit agreements.
Compatible Cases
About the service
Derogatory FIN UK 007 is part of W2's Affordability suite of services.
The service returns a score based on an individual's likelihood of defaulting on credit agreements, which can help you make decisions about the level of affordability risk presented by the individual. The score comprises of numerous public data-derived characteristics, the data sources being predominantly Electoral Roll, CCJ & Postcode statistics.
Product Code: W2-DATA-DEROGATORY_FIN-UK-007
Does this service leave a credit search Footprint? Yes
Request
Example with all field
{
"Bundle": "Your Bundle",
"Data": {
"Forename": "Hywel",
"Surname": "Griffiths",
"Street": "Churchway Road",
"Postcode": "LL28 4DB",
"HouseNumber": "31",
"City": "Colwyn Bay",
"DayOfBirth":18,
"MonthOfBirth":8,
"YearOfBirth":1991
},
"Options": {
"Sandbox": "true"
},
"ClientReference": "your-client-reference"
}
Response
Example Response
"w2DataDerogatoryFINUK007Result": {
"score": 350
}
| Property | Description |
|---|---|
| Score | An integer between 0 and 500. A lower score denotes the applicant is of poorer quality and is therefore more likely to enter arrears. A higher score denotes the applicant is of better quality and is more likely to keep up to date with payments towards credit agreements. |
The response provides a score that expresses a probability. This probability represents the likelihood based on the score returned that the individual being searched will default. The higher the probability, the greater the risk. e.g. a score of 260 returned from the service is in a band where 21.6% of individuals default on payments or a 4:1 probability of a defaulting customer.
You should interpret these probabilities based on your appetite to accept each risk.
| Core Range | Percentage of Defaults | Good Bad Odds |
|---|---|---|
| <100 | 59.5% | 1:1 |
| 100 - 125 | 50.1% | 1:1 |
| 125 - 150 | 44.8% | 1:1 |
| 150 - 175 | 39.6% | 2:1 |
| 175 - 200 | 34.8% | 2:1 |
| 200 - 225 | 29.9% | 2:1 |
| 225 - 250 | 25.8% | 3:1 |
| 250 - 275 | 21.6% | 4:1 |
| 275 - 300 | 18.0% | 5:1 |
| 300 - 325 | 14.2% | 6:1 |
| 325 - 350 | 10.7% | 8:1 |
| 350 - 375 | 7.8% | 12:1 |
| 375 - 400 | 5.5% | 17:1 |
| 400 - 425 | 3.6% | 27:1 |
| 425 - 450 | 2.1% | 46:1 |
| 450 - 475 | 1.3% | 74:1 |
| 475 - 500 | 0.8% | 117:1 |