Alternative credit data, including utility bills, rental payments, licenses, and public records, is gaining traction among lenders seeking broader credit insights. While 76% of institutions still find traditional credit data valuable, 60% express declining confidence in relying solely on it. Lenders are actively exploring alternative sources, with 68% eyeing employment and licensing data. These data help fill gaps for thin-file borrowers and support decision-making across the credit life cycle, including collections. Adoption is expected to accelerate as lenders aim to expand access, reduce risk, and compete more effectively in a shifting economy.

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