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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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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 to do business with underbanked consumers.

Andrew Sheehan, General Manager at Clarity Services, and Angela Granger, Vice President at Experian Decision

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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, they must also balance risk mitigation with revenue generation.

Preventing early payment default for subprime borrowers requires a different type of

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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 from applications underbanked individuals submit for other alternative financial services. The aggregation of all these peripheral particulars can help paint

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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 level of risk they truly represent.
1. Real-Time Reporting
In the subprime market, it is especially crucial to have real-time

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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 customer today,” said Brian Ketelsen, Chief Operating Officer. “Clarity is seeing a rapid increase in its customer base that I

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