Although it has been used for over twenty years to assess risk in lending, few consumers know of it.
[1] Consequentially, individuals have little or no way of knowing what their bankruptcy risk scores are or how to improve upon them.
[2] This is also referred to as debt analysis which allows lenders the ability to assess a customer's risk in taking out a loan.
One can improve their score by paying bills on time, keeping balances low, and having few revolving accounts.
[4] Most credit card issuers do not disclose the use of BNI on a letter of denial and it is difficult for consumers to know their score.