Alternative Credit Data Insights

Clarity Services, a part of Experian, offers you an extensive library of whitepapers, reports, infographics, videos, case studies, and more about alternative credit data developed by our knowledgeable experts. Use these resources to find answers to complex business problems and gain insights into the fast moving world of subprime credit data.

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    Online or Storefront Lending: Where are Subprime Borrowers Getting Their Money?

Online or Storefront Lending: Where are Subprime Borrowers Getting Their Money?

When was the last time you called your bank to inquire on your account balances? Or used a phone book to find a local handyman? Most of us understand that the world no longer functions this way. The management of our daily lives, including nearly every transaction we perform, is done online. The same is true in the financial industry and online lending.
If it isn’t online, it didn’t [...]

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    Generational Divide: How Age Affects the Preferences and Trends of Alternative Financial Services Users

Generational Divide: How Age Affects the Preferences and Trends of Alternative Financial Services Users

The more lenders know about their customers, the better equipped they are to align those consumers with the most relevant products and services.

In the alternative financial services (AFS) market, demographic data is essential to help define who consumers are, including the average age of borrowers, the type of credit channels and products they prefer (segmented by generation), average incomes by product type and how credit scores correlate with these [...]

2018 Alternative Financial Services Lending Trends

It’s finally here! Clarity’s 2018 Alternative Financial Services Lending Trends Report examines subprime borrower behavior and trends with valuable industry insights.

Relationships matter! Existing customers represented 37 percent of the 2017 loan market, but they opened more than half of the loans in 2017.
Being in the right place counts! Of all loans to new customers in 2017, 73 percent were made online.

Packed with five years of Clarity data and [...]

Introducing Clear Portfolio Alerts™

Clear Portfolio Alerts™ is a proactive portfolio management tool that creates customer touchpoints based on risk and retention alerts. Risk alerts can signal recent derogatory changes to a consumer’s credit profile, allowing you to resolve potential issues before they impact your bottom line. Retention alerts can identify existing customers who may be shopping for new credit, and can help lenders strengthen customer retention strategies. Clear Portfolio Alerts™ is an [...]

Avoid Surprises With Portfolio Alerts

As a lender, have you ever wondered what your customers are doing after they sign on the dotted line? Consumer behavior in the days following a loan transaction can contribute to a lender’s success or failure. Don’t believe it? Consider this:

23 percent of consumers have a new credit inquiry within 30 days of opening a loan. An even higher number, 31 percent, will open a new loan with a [...]

How to Combat Online Lending Fraud

They say that the eyes are the windows to the soul. But when you’re conducting business online, the eyes and every other fragment of identity is concealed. The “hidden” nature of the online environment makes it a breeding ground for fraud.

Fraud in all its forms is so pervasive in the subprime lending industry that lenders are tasked with trying to verify each applicant’s identity, their credit history, their ability [...]

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    How Debit Activity Can Benefit Lenders in a Cashless Society

How Debit Activity Can Benefit Lenders in a Cashless Society

More lenders are accepting non-traditional credit data as part of their best practices. With nearly half the American population carrying a subprime credit score, rent-to-own companies, online installment, storefronts and others are embracing new tools to intelligently navigate a market that has been largely overlooked.

With an eye toward the future, Clarity Services developed a novel method to confirm a consumer’s banking status. The solution, Clear Bank Debit™, displays data from [...]

In the Fight Against Fraud, How’s Your Data Doing?

Fraudsters work around the clock. Your fraud prevention measures should too. Fraud prevention is a primary concern for any business in the lending industry. The growth of digital and mobile technologies makes it increasingly difficult to determine who is on the other end of a transaction.

A lender’s risk is naturally higher with a subprime borrower than with a traditional prime consumer. As fraud in its various forms continues to [...]