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Use Alternative Data to Evaluate Credit Risk

Look beyond the traditional credit score to uncover hidden risk and opportunity
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Overview

Extend Credit to More Consumers with Confidence

To remain adaptable and drive growth, lenders need the most comprehensive consumer view possible to optimize offers and inform their decisioning. Layering insights that go beyond the traditional credit score, like using alternative data to evaluate creditworthiness, can help you reduce unscorable consumers by up to 60% — and approve over 20% more applicants. Learn how Equifax can help.

      Equifax Alternative Data Delivers a Deeper Consumer View

      Multi-Data Score
      OneScore
      Access a range of alternative data and traditional credit insights in a single score
      Telco & Utility Data
      Payment Insights
      Expand your view with consumer-permissioned data on recurring payments
      Employment & Income Data
      The Work Number®
      Leverage income and employment data from over 2.9M employers
      Bank Transaction Data
      Cashflow Insights
      See 24 months of consumer-permissioned account balance, spending, and income data
      Specialty Finance
      DataX Credit Report
      Analyze behavior on alternative payment types like cash, checks, money orders, and more

      Smarter Lending Starts with Expanded Visibility

      Alternative Data Helps You Drive Growth Without Increasing Risk Exposure
      Discover Hidden Opportunities
      Our proprietary alternative data helps give insight into 77M thin-file or credit-invisible consumers — so you can expedite underwriting and help increase approval rates.
      View Infographic
      Mitigate Hidden Risks
      Data used in alternative credit scoring models can help uncover potential signs of risk earlier to better assess the likelihood of repayment.
       
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      Industries We Serve

      Financial Services

      Expand access to credit while effectively mitigating risk in your portfolio

      Fintech

      Get insight into financial capacity to find and target high-potential consumers

      Automotive

      Increase auto loan approvals by up to 67% compared to traditional risk scores

      Mortgage & Housing

      Enhance and accelerate decisioning on mortgage and rental applications

      Insurance

      Better assess new applicant risk to reduce write-offs and improve profitability

      Communications & Utilities

      Better assess new applicant risk to reduce write-offs and improve profitability

      Retail & E-Commerce

      Optimize DDA acquisition with a wider view of consumers

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      Need Help Deciding?

      Connect with our sales team today to get a product consultation.

      Ready to Get Started?

      Contact us to learn how using alternative data in credit underwriting can help uncover new opportunities and lower risk.
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      Discover a Score that Does It All

      See how OneScore combines traditional and alternative data in a single score to help take decisioning to the next level.
      Explore OneScore