Extending Credit Offers Decision Strategy with Credit Eligibility

The Credit Eligibility flow evaluates whether a customer meets the predefined conditions to receive credit offers. This involves checking various aspects such as minimum income, employment status, and credit history against business rules and credit policies.

The Credit Eligibility sub-strategy aggregates the results to confirm if all eligibility rules are met and documents reasons for any ineligibility. This comprehensive evaluation ensures maintaining compliance with credit policies.

Eligibility rules are conditions that the customer must fulfill in order to qualify for an offer. In this case, the eligibility conditions are configured in two steps: Define eligibility rules, using proposition data, and Defining eligibility conditions, using proposition filter rules.

In this extension, you start by adding a proposition data component to import all available eligibility rules into the strategy:

In this case, the eligibility rules are defined as proposition instances:
To add the new eligibility condition, such as, Document check rule, export the eligibility rules decision data records.

These records offer a flexible mechanism for the type of input values that require frequent changes without having to adjust the strategy.

Add a new row to the decision data CSV file for the document check, and re-import it into the system. Changes to the values of decision data records become directly available when you update the rule.

This ensures that all necessary eligibility checks are in place.

The eligibility conditions can be defined using strategy result properties or When rules in a Proposition Filter component.

Mapping credit bureau data to properties that are used in eligibilities conditions

To define eligibility conditions using a strategy result property, you must first map data from the Equifax Response strategy to the relevant eligibility conditions in the credit offers.

For this, use a Set Property component to include various data points, such as total liabilities and credit scores from the Equifax response.

This step ensures that the strategy uses accurate and comprehensive data for eligibility checks.

Defining eligibility conditions using PropsoitionFilter and When rules

Configure a Filter component to apply a proposition filter that evaluates each eligibility rule against the predefined condition.

In this case, in the Proposition filter, you will use the properties defined in the Set Property component as well as the When conditions.

The properties defined in the Set Property component are used in the Proposition Filter to configure eligibility conditions. For example, Overdue Check eligibility condition uses the AT575 customer data configured earlier in the Set Property component.

When rules based eligibility rules evaluates a Boolean logical statement that involves comparisons among values of properties to return true or false.

For example, the Age Check checks the age of the customer and returns true if it is above the threshold.

The Filter component outputs the eligibility rules that return false to the Result component.

You then apply the relevant eligibility conditions by integrating the mapped data with the credit policy rules.

This integration of eligibility rules helps in refining the decision-making process, ensuring compliance with credit policies.

To confirm your work, use a simulation Data Set to verify the outputs for different customers, checking the number of decisions and eligibility rule propositions for each profile.

This comprehensive testing confirms that the strategy accurately determines credit eligibility and offers suitable credit products.

The extension of the strategy not only improves the accuracy of credit evaluations, but also ensures that all necessary documents are checked and validated, and in this way maintains compliance with credit policies and regulations.