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Use Alternative Data to Evaluate Credit Risk

With Equifax your business can grow responsibly with alternative insights, like utility, pay TV and telecommunications payment history, and verified income to assess risk with greater precision.

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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.

Alternative Data Delivers a Deeper Consumer View

Address credit blind spots with alternative data solutions that expand reach, improve accuracy, and reduce risk.

Reach more consumers beyond traditional credit files

Millions of creditworthy individuals are invisible to standard credit models. Lenders and specialty finance need new ways to assess risk using data like utility, pay TV and telecommunications payment history to expand reach and inclusion.
OneScore
An FCRA solution that blends Equifax alternative data with traditional data and helps you score and reach over 30M previously unscoreable consumers.
Consumer Attributes
This powerful portfolio of more than 7,000+ cloud-native credit attributes helps improve predictability and performance by tapping into alternative data attributes — so you can uncover unbanked, underbanked, and emerging consumers not found with traditional consumer credit files.
The Work Number
Find and connect. The Work Number offers accurate contact info and verifies ability to pay, dramatically improving outreach success.

Make More Informed Lending Decisions

Credit histories alone may not reveal the full picture. To reduce uncertainty, lenders need broader insights that incorporate alternative data into their decisioning process.
Open Banking Solutions
Expand access to credit with insights from bank transaction and cash flow data.
Consumer Attributes
This powerful portfolio of more than 7,000+ cloud-native credit attributes helps improve predictability and performance by tapping into alternative data attributes — so you can uncover unbanked, underbanked, and emerging consumers not found with traditional consumer credit files.
FraudIQ Synthetic ID Alerts
Help protect your business from synthetic identity fraud losses while minimizing false positives

Score More Consumers, Better

To succeed in today's lending landscape, you can't rely on outdated methods or single data sources. A modern approach requires comprehensive insights to make confident decisions and stay ahead of the competition.
OneScore
OneScore blends alternative data to help you score and reach over 30M previously unscoreable consumers.
Speciality Finance
Leverage alternative data from sources like DataX and Teletrack to provide comprehensive insights into non-traditional borrowers, enabling lenders to confidently assess risk, reduce fraud, and expand credit access to underbanked consumers.
Consumer Attributes
The industry’s largest, most powerful portfolio of credit attributes delivering enhanced predictability and performance

Smarter Lending Starts with Expanded Visibility

At Equifax, we don't just provide data; we deliver measurable results. Our deep understanding of multiple industries, combined with our powerful alternative data solutions, helps you unlock new opportunities and achieve significant ROI.
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
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32% of previously unscorable consumers can be scored by alternative data, expanding credit access.

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~76M Americans have little-to-no credit history, facing challenges accessing traditional credit. Alternative data helps.

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8.4M more U.S. consumers could shift into scorable credit bands leveraging alternative data, fostering financial inclusion.

Alternative Data Helps You Drive Growth

Only Equifax offers streamlined access to our wealth of proprietary data assets including The Work Number®, Kount®, DataX and Paynet®. With the Equifax Cloud™, this unique data can now be leveraged in multi-data solutions to give you a more complete picture, powering intelligent decisions with a deeper understanding of customer behavior and needs.
Video

Learn How to Extend Credit Confidently

Credit scores and models using alternative data can help uncover potential signs of risk earlier to better assess the likelihood of repayment.
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Using AltData in Lending

Discover how the use of alternative data, like Equifax OneScore, helps lenders identify hidden risks and opportunities for competitive, informed decisions.

eBook

Case Study: Card Approvals

See how a financial institution leveraged Equifax technology & alternative data to enhance risk assessment, increasing credit card approvals and revenue.

Case Study

Expand Credit with Alt Data

Our infographic shows how alternative data expands credit access for 76M+ Americans, fostering financial inclusion & smarter business decisions.

Infographic

Related Resources

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Video
Learn How to Extend Credit Confidently
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Product Sheet
Pre-Approval of One for Indirect Auto Lending
Case Study
Case Study
Equifax Technology and Alternative Data Can Help Lender Expect to Increase Card Approvals by 20%
Infographic
Infographic
Get More Predictive with OneScore from Equifax
Video Product Sheet Case Study Infographic Infographic
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Discover Equifax Differentiated Data

Explore how unique data from Equifax, combined with advanced analytics, provides unparalleled insights for managing risk, finding opportunities, and improving consumer experiences.

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