Jewelry: Increase my Sales and Profits
Increase the Sales and Profits of your Retail Jewelry Business by Serving a Significant and Growing Segment of Underserved Creditworthy Customers
MicroBilt's PRBC Consumer Report and other alternative data and credit scores offer to your retail jewelry business the opportunity to tap into this huge market of creditworthy customers. When you pull a credit report through MicroBilt.com and it comes back with a thin file, no trade lines or a no hit – you can now supplement your information with a PRBC Consumer Report or other non-traditional report.
To conduct a quick but thorough credit check on a customer at your jewelry store , we recommend:
Approximately 50 million Americans have little or no credit history on file with the Experian, Equifax and TransUnion credit bureaus, yet they earn a steady income and meet regular payment obligations of rent, utilities, and recurring bills. These creditworthy individuals are often denied for credit offerings due to their 'thin' credit history and this offers your retail jewelry business a significant population of new customers. MicroBilt's PRBC Report with FICO Expansion Score offers your business the opportunity to tap into a huge market of creditworthy customers by allowing you to use alternative data to make nontraditional credit decisions with minimal risk.
The FICO Expansion score is a new credit risk score from Fair Isaac designed specifically to help lenders extend credit to consumers in new markets. Because it is based on non-traditional credit data, it can effectively predict risk for the growing number of U.S. consumers that fail to receive a traditional FICO score due to non-existent or "thin" credit histories. Because it uses alternative data sources, the FICO Expansion score helps retail jewelry stores confidently extend credit to costumers that are typically excluded from the traditional credit-granting process due to insufficient credit histories.
Consumer data is essential for your jewelry store to operate and you need a comprehensive, secure source for your mission critical information. Consumer credit data is a core building block in making credit, leasing, collection and hiring decisions. MicroBilt is your single source for credit reports from Equifax, Experian and TransUnion, as well as PRBC. Business reports are available from Dun & Bradstreet, Experian Business, Equifax Business and PayNet.