Experian has been working with acquired company Clarity Services to create the Clear Early Risk Score, helping to score thin file consumers (those who have five or fewer items in their credit history) that now account for 25% of the total US population.
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Experian releases a new credit score aimed at non-prime borrowers
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It’s our number one goal to improve credit access for millions of consumers. An increasing number of consumers in this country are relying on alternative finance products, and these individuals should be visible and able to build or rebuild credit with the positive payments they make. This is another step forward in our strategy to expand reach and be more inclusive. We are committed to helping create a better path for these consumers to secure affordable credit and financial opportunities.
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