- Posted by Laurie Anderson
- On May 15, 2017
- alternative credit data, FactorTrust, Greg Rable, non-prime, underbanked
The Use of Alternative Credit Data in Financial Services
“The current landscape of financial services ignores a vast number of consumers countrywide: those in the nonprime and subprime groups, often considered the underbanked. It’s imperative for lenders to better utilize information that provides them with a complete picture of the consumer, while also equipping them with highly predictive tools to more accurately evaluate a borrower’s credit risk.”
Rable is available to discuss alternative credit data, its origins, the benefit of alternative credit data to both consumers and lenders to determine credit worthiness, and best options for future success; access to credit; the impact of regulations from the CFPB on the economy and consumers; short-term lending options and data.
Contact: Alison Geist, email@example.com
Reposted from PRNewswire – Read full article