Experian conducted two separate surveys, posing questions to consumers and lenders on the use of alternative credit data, the benefits, concerns and whether they believe it should be used when making credit decisions. This infographic reveals the key findings from this work.
Approximately 25 percent of U.S. consumers are considered “thin file,” and often face significant obstacles to obtaining credit. Adding information from alternative credit data sources has the potential to move thin-file consumers to thick-file status.
Learn more about Experian’s alternative credit data sources and how they can help you identify opportunities to underwrite emerging consumers.
Do you have a customer who is applying for a credit or loan requiring access credit history, but has a security freeze on their Experian credit file? Here are three ways to help members with a frozen Experian report quickly and efficiently allow access.
It’s not easy to gauge exactly how much is being lost to synthetic ID fraud industry-wide. View our Infographic to see the impact of Synthetic ID.
Improve your credit marketing strategy with our checklist of best practices.
Technology, free shipping and the ability to purchase just about anything online spells disruption for retail. But what does this shift mean for the world of retail credit cards? Consumers may be shopping differently, but are they still using store-branded credit cards?
Access the latest trends and data surrounding retail credit card spend, use and debt.
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U.S. student loan debt now accounts for $1.4 trillion. Our latest Experian analysis dives deeper into this ever-growing burden, cutting the data into generational, state and consumer-level views. Download our infographic for the freshest numbers on student loan debt, based on 2017 stats.
In the financial services universe, there is no shortage of players battling for consumer attention and share of wallet. Download our latest infographics to review our latest findings, revealing insights and stats on credit union members, as well as how credit unions are faring on various loan products in comparison to banks and online lenders.
This is the State of Credit Unions in 2017, exclusively presented by Experian.
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Every contact with a customer is an opportunity to strengthen the relationship. Even when it comes to debt collection. Sometimes customers forget to make a payment, or fall on hard times and struggle to make multiple payments. Knowing the difference matters and it should inform your actions.
Make confident decisions in a complex world. To learn more, click here.
Experian’s eResolve can help move your collection practice into the digital age by providing an online platform where consumers can negotiate and pay their past-due accounts online. Our debt resolution solution is a win-win, as the collection process is less stressful for consumers and more profitable for you. eResolve helps you communicate with your consumers in a cost-effective and less threatening way by automating and moderating the dialog between the two parties. eResolve negotiates on behalf of your company, and facilitates payment processing. Visit: www.experian.com/eresolve to learn more.
In the world of home buying, there are many steps between mortgage application and receiving the keys. Learn how robust account aggregation solutions are being introduced to help lenders digitally verify assets and income and speed up certain aspects of the underwriting journey.
Experian Business Information Services recently concluded a data study to compare the credit profiles of small business owners compared to average consumers. Our Infographic offers some of our key findings.
Are you confused on the steps to take to become a data furnisher and report credit data to Experian?
Whether you have consumer or business data to share, we can help. Check out this infographic to learn the 8 easy steps to begin reporting data to Experian.
Smartphones offer a contextual channel but require us to learn a new language of taps and swipes to navigate. This often increases complexity for a consumer who must wade through a series of screens to find an answer. Conversational interfaces driven by voice or text offer a cleaner, simpler user experience without having to learn a new syntax. It is this ease of use, and the resulting utility of a conversational interface that has manifested in the Amazon Echo’s popularity. Our infographic reveals insights uncovered in a survey jointly-conducted by @AaronSuplizio and @Cherian_Abraham of Experian as well as @BenBajarin of Creative Strategies. We believe voice and messaging significantly increase the accessibility and usability of numerous applications for consumers. Experian can help with creating the right strategy and approach. Opt-in to our consumer research panel here.
The Military Lending Act provides service members and their dependents with specific protections for their "consumer credit" transactions. Read our latest FAQ for answers to your top MLA questions and compliance solutions for lenders.
90 percent of financial institutions believe increasing regulation has driven their need for better data analytics and management.
Access our checklist of best practices provided by our panel of experts. This cheat sheet will help you assess and develop your own data cleansing and reporting plans to enhance your business’ data reporting strategy.
The summer months mean consumers are hitting dealer lots to score their next set of wheels. For lenders, this season provides a great opportunity to maximize loan growth. This infographic shares the latest summer auto trends and how lenders can grow auto share.
This infographic breaks down the type of device used by a multi-channel consumer when emailing, visiting websites, engage in social networking, and watch videos in a typical week.
Marketing infographics: looking at three main keys that can open doors to a customer-centric approach and bring greater possibilities and marketing success.
In recent years, leasing has strongly returned as an option for consumers to choose when looking to get into a new vehicle and maintain an affordable monthly payment. Experian Automotive's latest infographic examines the lift in leasing, as well as key attributes in the auto finance market.
As part of our ongoing analytical series on small business, Experian just completed a data study focused on U.S. minority owned businesses. This Infographic offers a summary of our findings.
Reporting credit data is not mandated today, so why should lenders do it? Every business is different, but you can ask yourself a few questions to help you determine if you're ready, and if you should, report credit data to the bureaus.
With consumers immersed in the holiday season, retailers enjoy the constant swiping of credit cards. As a lender, shopping means both opportunity and risk. Credit utilization peaks this time of year, but high balances result in consumers seeking greater card deals. To capitalize on this prime season to grow, and protect from attrition, leveraging specific models and/or tools can help identify when to lower APRs, sweeten rewards and increase credit limits for specific consumers. Check out our holiday infographic illustrating post-holiday trends and solutions.
Are you prepared to address pressures from cosnumers and regulatory agencies? Have you prepared for the future examinations from the Consumer Financial Protection Bureau (CFPB)? Do you perform ongoing data audits? Download the full Data Accuracy Checklist.
When storms hit, utility companies often need to reach their consumers quickly. View our latest infographic, showcasing best practices to increase right-party contacts and ensure compliance.
Experian Business Information Services and our Decision Analytics team recently completed a data study on the formation of startups between 2010 and 2014. This Infographic summarizes some of the findings in the study.
Big Data can have a significant impact on society. In this Infographic we highlight a few examples where Big Data has been used to turn insights into action, and serve society in a positive way.
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