Monday, August 4, 2014

Rental Payment Gives Better Picture of Credit Risk

Rental Payment Gives Better Picture of Credit Risk
Experian, announced that its latest analysis has uncovered how the addition of rental payment data to credit files can help financially exclude consumers gain access to traditional financial  services. Experian was the first credit reporting agency to incorporate on-time rental payments to its database. To show the value of adding alternative data to credit files. The research also showed that 19 percent of study participants previously considered subprime migrated to at least one higher (less risky) risk segment, read more.

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