Looking at the precise differences between a traditional and alternative credit report.
Category: Alternative Credit
Be sure to consider certain key points when using mobile payment apps like PayPal and Venmo.
Colleges may want to consider using nontraditional credit data in their determination of financial aid and grant awards.
It's vital that businesses looking to reach underserved consumers don't misunderstand or incorrectly characterize these individuals.
"Fourth-bureau" data can end up being extremely important to credit decisioning.
Recent research has uncovered instances in which smartphone data is being used to create credit profiles of consumers.
Underbanked and unbanked Americans can still take sound steps to prepare for their retirement despite having fewer traditional banking services than the average individual.
The underbanked must be cautious when holiday shopping, but shouldn't shy away from doing so.