Alternative credit data

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 data¹. 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.

^{1When we refer to “Alternative Credit Data,” this refers to the use of alternative data and its appropriate use in consumer credit lending decisions, as regulated by the Fair Credit Reporting Act. Hence, the term “Expanded FCRA Data” may also apply in this instance and both can be used interchangeably.}