Experian Debuts Credit Scoring Service for Underbanked Americans
Experian has created new credit scoring technology designed specifically for consumer with little to no traditional credit history, American Banker notes.
Called Extended View, the new product uses information from Experian’s own databases, combined with rental information and public record data to generate a credit score. Experian estimates that 30 percent of underbanked consumers are relatively low credit risks, the report notes.
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