Sentences with phrase «uses traditional credit data»

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.

Not exact matches

In a traditional report, the data used for scoring comes from credit card accounts, student loans, auto loans, retail charge cards and the like.

Cox, to his credit, seems to know that, and says he's using new data to target traditional Democrats, particularly in New York City, who can be swayed to the GOP side on issues like school choice and charters.

In a traditional report, the data used for scoring comes from credit card accounts, student loans, auto loans, retail charge cards and the like.

While a traditional credit report provides a «snapshot» of how borrowers have been using credit instruments like cards and auto loans, trended data shows how consumers have utilized these credit trade lines going back 24 months in Equifax's case and 30 months in TransUnion's.

The two credit bureaus stopped selling the traditional reports earlier this month, well before the Sept. 24 implementation date that Fannie Mae has set to begin using trended data in its new Desktop Underwriter 10.0.

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.

Moreover, a recent LexisNexis survey found that 81 % of consumers who are unscorable using traditional credit bureau methods are scorable using alternative data.

Using other variables such as educational data — from your major to your GPA — and work history, in addition to more traditional aspects like your credit report and debt - to - income ratio, Upstart calculates a rate tailored to each person.

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

Use of alternative data in traditional credit scoring would help consumers access the banking system and lower their cost of credit.

The main difference between SBLI's Accelerated Underwriting life insurance and their traditional Level Term is the lack of an in person visit at home, though you'll still be required to give consent to information regarding your prescription use, MIB (Medical Information Bureau) and MVR (Motor Vehicle Records) history, and also a review of any available public data from the FCRA (Fair Credit Reporting Agency).

Credit: Jeremy Lips / Tom's GuideOn the back, you get a 12 - megapixel traditional main camera in addition to a 20 - MP monochrome cam that the Mate 9 uses to gather extra depth data and to capture standard black - and - white photos.

The analysis found that the use of trended credit data — an indicator of behavior beyond the traditional credit report — could boost mortgage loan approvals by 267,000 and home equity line of credit (HELOC) approvals by 65,000.

In a traditional report, the data used for scoring comes from credit card accounts, student loans, auto loans, retail charge cards and the like.

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.