SPENDiD Score
A predictive index indicating the relative ability, Favorable or (Unfavorable), of the User to meet their monthly cash obligations plus be able to meet their Savings Goal $ amount, given their inputted Demographic and Fixed Expense information. With zero being the mid-point, the greater the SPENDiD Score is away from zero indicates the greater ease (or difficulty) the User is likely to experience vs their Peer norm in achieving their monthly savings goal on a cash-flow basis, given their chosen Fixed Expense amounts.
BREAKEVEN Score
A predictive index indicating the relative ability, Favorable or (Unfavorable), of the User to meet their monthly cash obligations given their inputted Demographic and Fixed Expense information. With zero being the mid-point, the greater the number is away from zero indicates the greater ease (or difficulty) the User is likely to experience vs their Peer norm in “breaking-even” on a monthly cash-flow basis, given their chosen Fixed Expense amounts.
LENDING Score
This is a dollar weighted adjustment of the BREAKEVEN Score and is intended for use by a lender in further evaluating and prioritizing the potential risk or marketing opportunity of a given User account. The LENDING Score considers the relative actual dollar amount of the User’s Discretionary Cash Flow available after Fixed Expenses are deducted from Take-Home Pay. The LENDING Score serves as a secondary metric for potential approval of “border-line” loan applications, or in evaluation of applicants with a “thin credit file” who might potentially be a safe and profitable risk for the lender, but may not otherwise qualify based on traditional metrics such as FICO score, debt to income, etc… By calculating a LENDING Score this way using relative data of the account holder or applicant vs their demographic peers, the Financial Institution can better target their audience for marketing of the most desirable and profitable cross-selling and up-selling opportunities, plus make more and wiser loan approval decisions.
Each of these calculated Scores can be offered to the User or Lender in numeric terms as well as an easy to understand and customizable A-F grade scale context.