Essentials

The Essentials provides a comprehensive set of ready-to-use indicators that you can incorporate into your credit underwriting rules. Please see below all indicators :

• Open banking data relevance

  • historicalDepth : number of days between the first and last transaction at the aggregation date.

  • activityScore : ranking between 0-100. Below 10, other accounts should absolutely be synchronized. For more information, please click here.

• Affordability

  • mainIncome : monthly amount for the main income found. The following categories are used to calculate this variable:

    • WAGE

    • RETIREMENT_PENSION

    • REVERSIONARY_PENSION

  • monthlyRegularIncome : monthly estimate for total of regular incomes. The following categories are used to calculate this variable:

    • WAGE

    • All ALLOWANCE categories

    • REGULAR_INCOME

    • FREELANCE

    • RETIREMENT_PENSION

    • REVERSIONARY_PENSION

  • monthlyEssentialExpenses : monthly amount estimated to cover expenses among housing, and substantial regular expenses. The following categories are used to calculate this variable:

    • RENT

    • REGULAR_EXPENSE

    • PAID_ALIMONY

    • HOUSING_TAX, INCOME_TAX, PERSO_TAX where enrichments.periodicity is "MONTHLY"

  • monthlyLoanRepayments : Monthly amount estimated to cover loans. The following categories are used to calculate this variable:

    • LOAN_REPAYMENT

    • LOAN_REPAYMENT_REVOLVING

    • LOAN_REPAYMENT_REAL_ESTATE

    • LOAN_REPAYMENT_PERSONAL

    • SPLIT_PAYMENT

    • LOAN_REPAYMENT_FAST

  • monthlyDiscretionaryIncome : It is the the amount of an individual's monthlyRegularIncome that is left after subtracting the monthlyEssentialExpenses and monthlyLoanRepayments charges.

  • debtToIncome : ratio between monthlyLoanRepayments and monthlyRegularIncome

• Red flags

  • redFlags : seizures, check rejections, payment to debt collectors. Any sign of debts that have not been honored. The following categories are included in the red flags:

    • DEBT_COLLECTION

    • FEES_DIRECT_DEBT_RECOVERY

    • FEES_CHECK_REJECTION

    • FEES_PREVENTIVE_SEIZURE

    • FEES_ACCOUNT_SEIZURE

    • PROVISION_DIRECT_DEBT_RECOVERY

    • PROVISION_PREVENTIVE_SEIZURE

    • PROVISION_ACCOUNT_SEIZURE

    • RELEASE_PREVENTIVE_SEIZURE

    • RELEASE_DIRECT_DEBT_RECOVERY

    • RELEASE_ACCOUNT_SEIZURE

    • REJECTION_CHECK

    • REJECTION_LOAN_REPAYMENT

  • loanRepaymentRejections : rejections on loans are an early warning. This is the total rejected amount and number of rejections on loan installments.

• Credit worthiness

  • creditScore : default score with a 12-month horizon. For more information, please click here.

  • paymentScore : default score with a 4-month horizon. For more information, please click here.

Data Sample

Essentials can be retrieved using the GET /analysis/essentials endpoint: