Founded in 2003, Scorelogix® is a pioneer in consumer risk analytics, risk scoring & modeling and economic analysis. They offer itheir cutting edge risk management solutions to the credit card and consumer finance companies. Scorelogix, founded by a Harvard MBA, is the developer of the world’s first Job Security Score™, which predicts consumers’ income-loss risk and the critical ability-to-pay based on their personal profiles and economic factors impacting their jobs.
Scorelogix’s patent-pending products are marketed to the credit card companies, mortgage lenders, auto finance companies, insurances, and direct marketing companies which can use Scorelogix’s consumer scores and indexes to acquire, retain, and manage customers more profitably.
Job Security Score has applications similar to conventional credit bureau scores but it is different from credit scores in two significant ways: (a) job score is a leading indicator of credit risk, unlike credit scores which are lagging indicators, and (b) job score quantifies income risk, or the ability to pay, which is not captured by credit bureau scores. Job Security Score™ is unique in that it predicts credit risk due to income risk, which is not captured by credit bureau scores and hence is a new and powerful tool for minimizing credit default risk.
Scorelogix’s list of innovative products includes the patent-pending Job Security Score™, Job Security Index, Re-employability Score, Local Economic Health Index, Personal Financial Outlook Score and the Consumer Affordability Score.
Scorelogix® is an investor-backed, privately held company headquartered in New Castle, Delaware. Scorelogix® has offices in 2 countries, over 100,000 registered users, more than 40 business partnerships/affiliations, and a world-class management and advisory team that consists of MBAs/ PhDs from Harvard, Stanford, Princeton and MIT.
Scorelogix ® was selected as one of the Top 4 upcoming companies in the VA, DC, MD, DE, NJ area by the prestigious Business Alliance of the George Mason University in March 2007.