Equifax analysis indicates that approximately 91.5 million consumers in the US either have no credit file, or have insufficient information in the file to generate a traditional credit score. Your visibility into credit applicants determines whether you will offer more loans or miss profitable opportunities. By giving you increased detail around consumer transactions and financial behaviors outside the traditional credit file, Alternative Data can help you see beyond traditional credit to discover emerging risk and opportunity, expand your current customer relationships and grow your business.
For more on how you can incorporate alternative data and scores, visit our Alternative Data webpage.