In the evolving world of automotive finance, alternative credit data can be a critical component of making informed decisions and managing risk. Whether you’re trying to evaluate a consumer with little to no credit history, or deciding to offer additional options to an improving subprime applicant, alternative credit data fills the gaps that might exist in a traditional credit report for a comprehensive view of consumers.
Takeaways: - The beginning – how and why did alternative (credit) data become necessary?
- Alternative data vs. alternative credit data
- Alternative credit data and the applicability across the entire consumer credit lifecycle
