The dream of owning a home or starting a business can seem out of reach for millions in vulnerable populations. Financial inclusion requires us all to find and facilitate solutions. Through Inclusion Forward™, we’re leveraging our data, analytics and technology to help clients expand financial opportunities for their consumers and remove barriers to obtaining credit, thus helping consumers achieve their financial goals.
$255 billion
Paid on interest and fees for everyday financial services by vulnerable and financially coping households
Source: Financial Health Network, 2021 FinHealth Spend Report
30 percent
Black business owners whose access to credit is their largest challenge in the next 12 months
Source: Federal Reserve, 2021 Small Business Credit Survey
Putting our data to work
Through our Inclusion Forward™ initiative, we help our clients and communities use powerful tools to remove barriers to credit access and improve financial health. Some of those resources include:
- Experian Go™ is a free program for those looking to establish and build credit for the first time.
- Experian Boost™ helps consumers use positive payments on utility, telecom and video streaming service bills to potentially improve their credit scores and gain access to more than $1.7 billion in credit.
- Lift Premium™ offers an advanced credit score that aggregates proprietary data resources for expanded lending opportunities and improved predictive accuracy.
- Clarity Credit Data delivers insights into loan activity through alternative financial services providers that aren’t available on the traditional file.
Inclusion Forward in action
Working with our clients and partners to accelerate financial inclusion in the communities they serve.
Partnering with Inclusiv to Support CDFIs
We teamed up with Inclusiv Network, one of the leading CDFI associations in the country totaling more than 450 credit union members, to promote financial inclusion to Hispanic/Latino consumers and underserved communities. A key component of this collaboration includes providing resources, including educational webinars and market insights, to help credit unions enhance their outreach to marginalized communities.
