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Experian TAPSSM is the first commercially available algorithm that uses credit data to calculate annual consumer spending.
The TAPS algorithm discriminates consumer spend, accurately and independent of balances, with R2of 0.75-0.85
TAPS varies significantly within Income Insight bins
VantageScore is not correlated with consumer spend. TAPS is a necessary complement to a risk score.
Deposit balances are significantly correlated with TAPS.
HELOC balances are also correlated with TAPS.
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