COSTA MESA, Calif. – Experian yesterday said it is teaming with eBureau, a provider of credit scoring for underserved markets, to provide eBureau’s Emerging Credit Score, or eScore, to help lenders evaluate the creditworthiness of unbanked and underbanked borrowers.
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The scoring system will evaluate the purchase and payment histories of consumers with little or no credit history, providing an expanded view of the thin file and no file consumer segment. By scoring a higher percentage of consumers, the Emerging Credit Score will help lenders grow their client base by effectively qualifying more prospects within this underserved population.
