Are you seeing the full picture of your consumer?
What if you were making decisions with only part of the story with traditional credit reports? The truth is most lenders today are ignoring a wealth of FCRA credit data by relying solely on traditional credit information to make decisions.
Enter alternative credit data. By pulling in alternative credit data, such as alternative financial services, consumer-permissioned data, rental payments and full-file public records, Experian provides a holistic view of your current and future customers. These insights help lenders to expand their credit universe, identify and prevent fraud, determine an applicant’s ability to pay, and verify an identity all while mitigating risk.
Alternative credit data provides supplemental, FCRA-compliant credit data to enrich decisions across the entire credit spectrum. Ultimately, this new data drives greater access to credit for consumers and profitable growth for lenders through more informed lending decisions.
For more information on alternative data for business, check out our products for startups and emerging businesses.
Introducing Experian’s Alternative Credit Data: Clear Data Platform
Alternative Credit Data Demo
Learn more about Alternative Credit Data from Experian
Whitepaper: The universe of alternative credit data
New consumer and lending insights – uncover the 2019 state of alternative credit data, the regulatory landscape and use cases across the lending lifecycle.
Webinar: Trends in alternative financial services
The alternative financial services industry, a $140 billion market, continues to grow annually at a 7-10 percent rate. Learn about the types of information used in alternative credit data and how to capitalize on this data to improve your lending efforts.
Infographic: Expand Your Universe
Get a glimpse of 4 different types of alternative credit data to help you identify opportunities to underwrite emerging customers.
Newest Trends Report on Alternative Financial Services and Subprime Consumers
Gain a 360 view and key takeaways in market trends, credit utilization, and consumer demographics in the newly released Alternative Financial Services Lending Trends report.