Mercedes-Benz Credit Signs on for Fair, Isaac's ScoreNet Service
2 November 1999
Mercedes-Benz Credit Signs on for Fair, Isaac's ScoreNet ServiceSAN RAFAEL, Calif., Nov. 2 -- Mercedes-Benz Credit Corporation, a diversified financial services provider within DaimlerChrysler Services, signed on to use ScoreNet(R) Service from Fair, Isaac and Company, Inc., . The Mercedes-Benz Credit Corp. Car Division portfolio, which comprises nearly $10 billion and 300,000 accounts, will use ScoreNet to obtain auto-adjusted credit bureau scores and to enhance its risk management decisions on auto loans and leases. ScoreNet Service gives credit grantors, such as mortgage lenders, credit card issuers and finance companies, more time to manage their portfolios by streamlining the time-consuming tasks of obtaining, auditing and processing credit bureau information, including: risk, revenue, attrition, collection, and bankruptcy scores. "Mercedes-Benz Credit Corp. is confident that using Fair, Isaac credit bureau risk scores delivered through ScoreNet will improve how we custom-tailor product upgrade offerings for clients," said Fedor Artiles, Credit Risk Manager, Mercedes-Benz Credit Corp. "Fair, Isaac credit bureau risk scores will assist us as we closely monitor portfolio quality migration. The convenience of ScoreNet Service allows us to spend more time refining our strategies in our risk management and remarketing areas." Fair, Isaac helps companies make faster, more profitable decisions about marketing, customers, operations and portfolios. Widely recognized for its pioneering work in predictive technology, the company provides advanced decision-making solutions to the financial services, eBusiness, telecommunications and healthcare industries. Headquartered in San Rafael, Calif., Fair, Isaac employs 1600 people in 18 offices worldwide. For the fiscal year ended September 30, 1998, the company reported net income of $24.3 million on revenues of $245.5 million. For more information visit http://www.fairisaac.com or call 800-999-2955. Mercedes-Benz Credit Corporation is a diversified financial services provider within DaimlerChrysler Services (debis), the services arm of DaimlerChrysler. Mercedes-Benz Credit Corp.'s U.S. Car Division, based in Atlanta, Georgia, historically leases or finances 35-40% of Mercedes-Benz USA's annual sales. For more information visit http://www.mbcc.com. NOTE: Fair, Isaac and ScoreNet are registered trademarks of Fair, Isaac and Company, Inc., in the United States and/or in other countries. Other products and company names herein may be trademarks or registered trademarks of their respective owners.