The Credit Risk Insights resource site was developed to provide lenders with up-to-date information about the industry by offering articles on best practices and solutions for managing credit risk.
Challenging times call for innovative solutions.
A growing but volatile economy and more rigorous compliance regulations make lending decisions increasingly demanding and difficult. Today, approximately 65 million consumers have little to no credit history. Many members of this population, also known as the “underbanked,” appear to have sufficient financial resources to become part of the mainstream credit system, but, lenders and service providers still struggle to effectively evaluate this group.
The traditional credit report is unable to offer a valid score driving the need for information beyond credit activity to generate valid scores for as much as 60% of the thin-file or no-file population.
Getting a clear picture with LexisNexis® Risk Solutions.
LexisNexis® has unique data to help businesses make more profitable lending decisions across all consumer segments, including consumers with no, little or extensive credit histories. With a unique data set that covers over 98% of the U.S. population and provides consumer behavior information not available in traditional credit bureau data—organizations get a more complete picture of their customers.
About LexisNexis Risk Solutions
LexisNexis Risk Solutions is a leader in providing essential information that helps customers across all industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced scoring analytics, we provide products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of RELX Group plc, a leading publisher and information provider that serves customers in more than 100 countries with more than 30,000 employees worldwide.