Sentences with phrase «traditional credit data»

Far beyond traditional credit data, we look at things like education, employment history, how they interact with our application, etc..

Traditional credit data relies on the likes of mortgage and car payments to score consumer creditworthiness.

«Additionally, TransUnion trended data can allow millions of consumers that are «unscoreable» with traditional credit data to be scored.

For J.D. Byrider, a used - car sales and finance company, Equifax developed a risk - assessment model that uses traditional credit data augmented with alternative data sources such as telecom and utility information.

Charlie Wise, vice president in TransUnion's Innovative Solutions Group, said Fannie will likely use a mix of traditional credit data, trended credit data and FICO scores.

The company looks beyond traditional credit data and taps into students» academic data history to expand and enhance loan options, offering loans with better terms that may not even require a cosigner.

Traditional credit data is limited in that it doesn't fully account for a consumer's complete financial profile and his or her total ability to pay his or her debts.

In addition to traditional credit data, FICO ® Score XD consumes alternative data from telco,... [Read More]

«Traditional credit data and analytics continue to be relevant, but are not sufficient to satisfy the consumer credit reformation of today,» says the CEB TowerGroup's senior research director, Craig Focardi.

CEB TowerGroup evaluated data from a joint analysis conducted by CoreLogic and FICO that compares the FICO ® Score used by most lenders today with a new score launched in July that evaluates the traditional credit data from national credit data repositories and the unique alternative credit data contained in the recently launched CoreScoreTM credit report.