Alternative Credit Data

Alternative credit data may best be summed up as FCRA-compliant credit data that is not typically included in traditional credit reports. Some examples of alternative credit data include alternative financial services data, rental data, full-file public records and account aggregation. These insights can ultimately improve credit access and decisioning for millions of consumers who may otherwise be overlooked. Experian’s Clarity Services is the industry leader in alternative credit data.

The Evolution of Credit-Risk Evaluation

These days, the predictive nature of the best data available in approving loans can have an immediate impact on a lender’s business. The underwriting process has changed quite a bit throughout the past decade. The better lenders understand why that is, the more you might grasp what moves to

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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,

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LendIt 2018

Gaining the Competitive Advantage with Comprehensive Data
Leaders from Clarity Services, a part of Experian, provided compelling tips for capitalizing on expanded lending practices at this years LendIt Fintech USA 2018. We would like to thank all of those who attended the breakout session and for considering enhanced ways

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    See Your Applicant’s Future Behavior with Alternative Credit Data

See Your Applicant’s Future Behavior with Alternative Credit Data

Alternative Credit Data: The crystal ball to detect the intent to not pay consumer before you approve the loan.

Underwriting a subprime consumer loan can feel like trying to see the future. Lenders need the right tools to help bring that future into better focus. While lenders navigate the process,

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Why Alternative Credit Data Is Invaluable

Alternative credit data is often used as a catchall term to describe financial data. This data is typically sourced from alternative financial service providers and account aggregation, on consumers who are not abundantly reported on mainstream credit reports.

Other insightful details may include an individual’s income and employment history, coming

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Six Ways Clarity Can Improve Your Underwriting

Clarity’s alternative data comes from a variety of financial service providers, including auto financers, short-term installment lenders, small-dollar credit lenders, online small-dollar credit lenders, telecommunications and more.

When this information is combined with a traditional credit report, you have a much better picture of who your applicants are and the

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Clarity Services, Inc. Celebrates 200th Customer: Customers Cite Easy Integration And Powerful Data As Drivers For Change

Press Release 09/02/2010

CLEARWATER, FL – September 2, 2010 – Clarity Services, Inc. announces the integration of its 200th customer today. Founded in 2008, Clarity Services has been serving financial institutions in the sub-prime and underbanked markets for two years.

“Clarity Services is excited to announce the integration of its 200th

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