What Is Alternative Credit Data (and Why Is It Important?)
Feb 08, 2021 MicroBilt News
Using an alternative credit data source lets you make a credit decision based on a more complete profile of the applicant.
How Identity Theft Damages Consumer Credit Scores
Nov 03, 2020 MicroBilt News
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.
The importance of Alternative Consumer Credit Data for lenders
Oct 01, 2020 MicroBilt News
Alternative consumer credit data offers information about consumers, specifically credit applicants, that does not appear on traditional credit reports.
Credit Checks Improve Hiring Practices
Jan 08, 2020 MicroBilt News
Entrepreneur Magazine reports that companies who invest in background screening, including consumer credit reports, do better jobs, in most circumstances, when hiring new staff.
Alternative Data as a Means for Making Credit Decisions
Oct 25, 2019 MicroBilt News
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.