Applications Scorecards are used when a customer applies for a new type of Credit. This category is developed using the information called “historical data” that is collected during the origination phase. Based on this, we can apply a timely dynamic approach, using advanced techniques in order to comprehend and forecast the customers' future behavior.

A Credit Application Model predicts the probability of an account defaulting – thus, to reach a certain delinquency category - from the origination date. The Application Scorecards may be used to determine the approval or rejection of credit application taking into account taking into account the risk level of an account.