What are the implications for financial marketing and advertising due to alternative credit scoring?

A movement is under way to collect and score alternative data that reflect the many payments credit-underserved individuals routinely make for insurance, ... Nov 29, 2021 ... ... loan and how much they should pay. This so-called alternative credit scoring could have profound effects for consumers, many of them ... Feb 13, 2023 ... Some financial startups are tapping into alternative data sources as a way of serving consumers who have been shut out of traditional credit ... Jun 5, 2024 ... We find that incorporating retail data increases approval rates for individuals without a credit history, from 15% to between 31% and 47%. Jan 28, 2025 ... ... alternative credit scoring models that would meet an institutions' legitimate business needs. The CFPB's examiners also noted that financial ... May 21, 2024 ... This study explores the potential of utilizing alternative data sources to enhance the accuracy of credit scoring models. Jul 12, 2023 ... ... Credit Data. -13-. Page 14. Trends in alternative data adoption. ▫ Lenders are increasingly using traditional credit scoring, alternative data ... Oct 31, 2016 ... This is why the technical debate over alternative credit-scoring models in housing finance is both important and politically fraught. Aug 16, 2022 ... An alternative credit score uses data that isn't used in traditional credit scoring models, called alternative data. Here's why alternative ... Sep 20, 2022 ... Less than half of all U.S. adults have access to prime credit because of their credit score. But new LSU and Harvard University research ...