What Is Alternative Credit Data (and Why Is It Important?)

Feb 08, 2021 MicroBilt News

What Is Alternative Credit Data (and Why Is It Important?)

Using an alternative credit data source lets you make a credit decision based on a more complete profile of the applicant.


Read More

How Identity Theft Damages Consumer Credit Scores

Nov 03, 2020 MicroBilt News

How Identity Theft Damages Consumer Credit Scores

Instant Bank Verification has a lot to offer lenders of every type. It is especially useful, though, for lenders who specialize in the types of loans identity thieves frequently target.


Read More

The importance of Alternative Consumer Credit Data for lenders

Oct 01, 2020 MicroBilt News

The importance of Alternative Consumer Credit Data for lenders

Alternative consumer credit data offers information about consumers, specifically credit applicants, that does not appear on traditional credit reports.


Read More

Credit Checks Improve Hiring Practices

Jan 08, 2020 MicroBilt News

Credit Checks Improve Hiring Practices

Entrepreneur Magazine reports that companies who invest in background screening, including consumer credit reports, do better jobs, in most circumstances, when hiring new staff.


Read More

Alternative Data as a Means for Making Credit Decisions

Oct 25, 2019 MicroBilt News

Alternative Data as a Means for Making Credit Decisions

A 2017 report from the Consumer Financial Protection Bureau (CFPB) maintains that an estimated 44 million Americans have little to no credit profile.  This lack of credit can make it impossible for consumers like this to gain access to traditional credit opportunities.


Read More