Term: alternative data
9 found

7 Ways to Build Credit Without a Credit Card

By Steven Shaw on 8/7/2015

build credit

Let’s say you know you want good credit, but you also know you do NOT want the most ubiquitous credit product around. No way do you want a credit card. Perhaps you follow a certain personal finance guru’s advice to avoid them. Or maybe you’ve gotten in trouble with them before and don’t want to take any chances with having one again. Whatever the reason, you don’t want to go the plastic route.

alternative credit
alternative data
build credit
establish credit
non-traditional credit

New FICO Score Factors in Utilities & How Often You Move

By Steven Shaw on 4/8/2015

New FICO Score Factors in Utilities & How Often You Move

FICO, creator of some of the most widely used credit scores in the U.S., will reportedly announce a new scoring formula designed to help high-risk consumers access credit, the Wall Street Journal reported Wednesday. The model will incorporate consumers’ payment history on things like utility, cellphone and cable bills, in addition to how often a consumer changes addresses.

alternative credit
alternative data
FICO
FICO credit score
FICO Score
Utility Bills

The Change That Could Give Millions of Americans a Better Credit Score

By Steven Shaw on 2/25/2015

better credit

Millions of consumers could be lifted out of subprime status and get better loan terms if credit reports and scores were broadened to consider on-time utility and rent payments, according to a study released Wednesday by Experian.

alternative credit
alternative data
credit report
credit score

How to Maintain Good Credit Without Debt

By Steven Shaw on 7/8/2014

How to Maintain Good Credit Without Debt 

Credit is a system of trust, and that trust can only be established through experience. It doesn’t really matter how you get started — a credit card, student loans, a personal loan, asking someone else to co-sign a loan or add you as an authorized user to their credit card — but you have to use credit in order to build it. Why? Because without using credit, you have no payment history, which is one of the major ways lenders determine whether or not they can trust you to repay a loan.

alternative data
Debt
Good Credit

The Credit Report You Haven’t Seen Yet

By Steven Shaw on 6/19/2013

credit report you havent seen

Have you struggled to maintain good credit? Or do you avoid credit, and try to pay for everything in cash? Or perhaps your credit took a dive during the recession. If so, you may find getting credit frustrating and difficult. You may have even given up on trying to get a credit card or auto loan.

alternative credit
alternative credit reports
alternative data
Underbanked

eCredable included in roundup of The Biggest Credit Stories of 2012

By Steve Ely on 12/21/2012

Thanks to Gerri Detweiler for noticing the importance of eCredable, and our ability to help consumers without a traditional credit history get a car loan.  Here's some other great credit related stories for 2012.

alternative credit
alternative credit reports
alternative data
car loans
no credit
no credit score
no file
no file credit

Get a head start on your New Year’s resolutions

By Steve Ely on 12/4/2012

Every year, we see the same stories in January.  Lose weight, get organized, save money, start a budget and so on.  I’m not going to quote the statistics (aren’t 96% of all statistics made up?), but we all know how effective these resolutions turn out to be.  Very few of us stick to any of them.  So here’s my suggestion for a New Year’s Resolution – get started in December, so you can at least brag to your friends that you beat them to the punch when you attend all those holiday parties.

"credit score"
"pay off balance"
alternative data
establish credit
FICO

Alternative data - The Rest of the Story

By Steve Ely on 6/14/2012

Businesses are constantly looking for more information about their customers, and their prospective customers.  Alternative data is a hot topic, and a large area of focus on the minds of the folks responsible for growing the business.

alternative credit reports
alternative data
credit reports
credit scores

The Case for Alternative Credit

By Steve Ely on 5/21/2012
I wrote this article for Credit.com, one of the best sites on the web for any information related to the topic of credit.  It's a straightforward and thorough explanation of why Alternative Credit has become so important in today's economic environment.
alternative credit reports
alternative data
credit reports
credit scores