The vast majority of U.S. consumers can
access affordable credit as a result of the
introduction of automated underwriting
systems and the widespread adoption
of credit scoring by financial institutions
during the past 25 plus years. In fact, 92%
of the consumer credit applicant population today receives a FICO® Score that
leverages the information contained in
the credit files at the three largest U.S.
consumer reporting agencies (CRAs).
Alternative Credit Data:
The Answer to Broadening
By JoAnne Gaskin