South Canterbury Accommodation

An alternative credit scoring solution based on alternative data (smartphone and web metadata). “The International Committee on Credit Reporting (ICCR) expands on alternative data as ways to collect and analyze data on creditworthiness based on information. Through machine learning, data from nontraditional sources, such as telcos, are analyzed for credit risk assessment of the unbanked.

Air Compressor San Diego

Alternative versus traditional data · Credit card history. · Loan and loan repayment history. · Mortgage history. · Credit inquiries. · Public records such as. Enhance your scoring models with alternative credit data Gain deeper visibility into your decline traffic with automated access to consumer and business. Drawing on reliable new sources of data, FICO scores more creditworthy people who are unable to obtain credit using traditional credit bureau data alone.

Macroeconomic News

With many consumers without a credit score or history, lenders need to find alternative ways to find the right approval criteria. On November 10, , FHFA announced that the GSEs would continue to support the mortgage market by using Classic FICO, while assessing alternative credit score. Drawing on reliable new sources of data, FICO scores more creditworthy people who are unable to obtain credit using traditional credit bureau data alone.