Unsatisfied with the time-consuming process of physically collecting and reviewing pay stubs and bank statements as part of their tenant screening process, AppFolio knew it was time to turn to a digital-first solution. Initially challenged to find an income-verification solution that would easily integrate into its platform while being fast, convenient and digitally efficient – AppFolio turned to Experian as their trusted partner.

Download the case study to learn about the incredible results AppFolio saw after their first year with Experian’s AccountView.

IDC describes how new market entrants are offering employment and income verification alternatives to address some of the key challenges facing lenders today.

Experian begins a new chapter with the release of the Q1 2022 Main Street Report through our collaboration with the leading economists at Oxford Economics. During Q1, small businesses kept average commercial loan balances healthy and stable. At the same time, moderate delinquency inched up but remained low overall as business and consumer travel returned to form, offering major tourist destinations a boost.

The fourth quarter of 2021 enhanced the pressure felt by small businesses as the largest wave of COVID-19 hit the US. In addition to the effects of pandemic outbreak of labor and consumer engagement, an inflationary surge, largest increase since 1982, coupled with pandemic-related supply-and-demand imbalances, weighed heavily on US small businesses along with a notable impact to consumer sentiment.

Although workers were getting raises in the currently tight job market, rapid price increases are eroding consumers’ earning power. Average wage earnings went up by 4.0% in Q4 ’21 vs. the previous year, yet a 7.5% increase in inflation results in a net decline in real earnings. Workers’ money is not going as far as it used to. Rising wages, however, put pressure on businesses’ payrolls who may be forced to pass those costs to consumers.