Credit services for the underserved, unbanked and underbanked populations

Learn more about the underserved and underbanked market and how Experian can help you build your portfolio.

 

Tools to Help You Reach Underserved Populations

• Extended View^SM Score - Assess the creditworthiness of underserved consumers.
• Prequalification - Prequalify consumers for credit in real time at the point of contact
• Income Insight^SM Models - Determine a customer’s ability to meet their financial obligations.

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For credit marketers, the key to becoming a leader in portfolio growth is getting the right product to the right consumer at the most appropriate time.

 

Did you know?

• Approximately 25 percent of the U.S. population is unbanked or underbanked.
• Nearly 64 million consumers who have limited or no traditional credit history.

Tapping into this large segment of potential customers can enhance the profitability of your portfolio. Experian’s Extended View^SM Score gives you an added view of creditworthiness.

Gain a more comprehensive of a consumer's payment behavior and fuel the growth of your portfolio.

Experian's Extended View Score is better than the alternatives:

• FCRA infrastructure eliminates regulatory concerns
• Score runs at the bureau - ultimate connectivity
• Takes a "lending" approach - deeper than verification and risk
• Compliments your current credit score

Powered by Experian’s comprehensive analytics

In order to underwrite this population and empower these consumers with better access and choices, lenders require a more comprehensive view of a consumer’s creditworthiness.  Experian’s Extended View^SM score is a new, advanced scoring solution powered by credit data, rental data and comprehensive public record attributes that drives exceptional predictive power for the risk assessment of these historically difficult to evaluate consumers. 

Extended View’s superior data allows lenders to:

• Give consumers cost-effective credit and financial solutions
• Remain in regulatory compliance
• Generate new, untapped revenue streams

A vast part of the population, the unbanked and underbanked community, are now asking, "How can I get credit with no credit?" In their own words, hear potential clients discuss their desire to establish a financial footprint for themselves that will help them achieve their goals.

How well do you know the unbanked population?

 

 

 

Recent Press Coverage

Experian's Extended View score launch

• Experian Announces Score To Assess Consumers Lacking Credit History (Collections & Credit Risk, 6/15/12)
• Experian Debuts New Score for the Underbanked (Credit.com, 6/15/12)
• Experian Develops Credit Scoring Product for Underbanked (American Banker, 6/14/12)
• Experian Unveils New Credit Score for the Underbanked(My Bank Tracker, 6/13/12)
• Experian Unveils Updated Technology for Marketing to the Unbanked (Unbanked.org, 6/26/12)
• Start Establishing Your Credit (IJR News, Credit Insider, 6/29/12)
• Business to Business Targets Unbanked Credit-Approved Clients (How Can I Get Credit With No Credit? 6/14/12)