Clarity was founded in 2008 by industry veterans who identified and built upon the idea of providing a better way to report information for the financial services market. Clarity is an FCRA-regulated credit reporting agency that utilizes the latest and most flexible database architecture available.
Clarity offers real-time reporting with a national coverage of non-traditional data sources that, when combined with the available traditional information offered by the three existing credit bureaus, provides an unparalleled view of the consumer.
Clarity’s unique data source is derived from a variety of financial service providers, including auto financers, check cashers, prepaid card issuers, short-term installment lenders, peer-to-peer micro lenders, small dollar credit lenders, online small dollar credit lenders, telecommunications, and many more.
Clarity focuses on data reporting for under-banked, near prime, and subprime consumer segment because these consumers have minimal recorded data and accessing their creditworthiness proves to be a challenge for lending institutions. Clarity enables providers to know more about these consumers and assist in the underwriting process.