IndexScore
IndexScore is a proprietary scoring system developed by Equifax to predict the likelihood of a consumer defaulting on a loan. It is one of several credit scoring models used by lenders to assess creditworthiness. Unlike traditional credit scores that focus on a broad range of credit behaviors, IndexScore is specifically designed for subprime lending and aims to identify individuals who may pose a higher risk of default.
The IndexScore model considers various factors from a consumer's credit report, including payment history, amounts owed,
A higher IndexScore generally indicates a lower probability of default, making the consumer a less risky prospect