Fynanz developed the proprietary Fynanz Academic Credit Score (FACS) which examines and gauges borrower creditworthiness. We calculate the FACS by utilizing a model that considers both borrower’s and cosigner’s credit bureau data as well as the borrower’s academic attributes.

A strong correlation exists between loan default rates and identifiable academic characteristics. Fynanz analyzes academic characteristics in conjunction with traditional credit bureau data. The result is a proven, superior approach to evaluating borrower creditworthiness. Depending on the FACS, each borrower is assigned one of six FACS grades.

FACS takes into consideration the following:

• Borrower Academic Attributes
  Factors such as GPA, years of study, course of study, and profile of the education institution weigh heavily in the FACS calculation.
• Historical Analysis
  Based on analysis of student loan default data patterns and studies over the past 15 years, Fynanz has identified variables that are strongly correlated with ontime repayment behavior, thereby reducing deliquencies and increasing portfolio performance.
• Credit Bureau Data
  This powerful model considers both borrower and cosigner credit data. It is easily customizable with adjustable weights of credit bureau data and academic attributes to reflect financial institution preferences.

Learn More: The Company and Management Team