Sentences with phrase «credit bureau data»

We actually have FICO and a lot of credit bureau data in our model, but this data provides a very limited understanding of the actual risk.

In my last blog post, I showed why using credit bureau data alone is insufficient to safely measure the creditworthiness of the millions of US consumers who don't currently have FICO ® Scores.

Some lenders are asking can scoring trended data, or more accurately, trended credit bureau data, as some credit score companies claim, actually help expand credit access to these consumers?

Drawing on reliable new sources of data, FICO scores more creditworthy people unable to obtain traditional credit using credit bureau data alone.

In all likelihood, consumers had no idea their data was being shared by Experian (and presumably Facebook's other credit bureau data partner, TransUnion) this way, and probably many banks didn't know, either.

This percentage is nearly identical to results from a 2004 analysis of credit bureau data by the Federal Reserve, which found that 36.5 % of people with credit reports had debt in collections reported in their files.»

«They are not allowing for the use of alternative credit at all» and instead framed the question around using traditional credit bureau data.

Supplementing credit bureau data with alternative data, which — as I disclosed in my last post — enabled us to accurately score more than 50 % of previously unscorable credit applicants.

For example, the VantageScore 3.0 we offer for free at NerdWallet is on the traditional 300 - to - 850 range and draws from TransUnion credit bureau data.

Can scoring trended data, or more accurately, trended credit bureau data, as some credit score companies claim, actually help expand credit access to these consumers?

The FICO score uses credit bureau data, but was invented and is controlled by Fair Isaac Corporation, a separate firm.

Debt relief companies strategically use lead generation, social media, and credit bureau data to position themselves in front of the borrowers who need to help.

Credit bureau data being used in this service are Equifax, Experian, and TransUnion.

Credit monitoring will alert you if your credit bureau data is accessed or if your information changes.

Think for a moment, what might be the likelihood of another independent analytic firm gaining access to the credit bureau data to compete with VantageScore?

Lenders hope scoring this data could allow them to make faster, better decisions on people who don't have FICO ® Scores — the «unscorables» with sparse or no credit bureau data on file.