US Adults Misunderstand What is Included in Credit Scores, Recent FactorTrust Survey Finds
By a
"Consumers and lenders are facing realities when it comes to credit histories generated by the Big 3 bureaus," said FactorTrust CEO
The omission of certain types of alternative data, like short-term loans and rent-to-own payments, means that consumers who successfully repay these non-traditional loans do not receive the credit they deserve. But, 72 percent of
These same participants also have misunderstandings about their credit data and the lack of alternative data included in credit history and scores. Thirty-three percent of
An infographic found here offers highlights of the survey conducted by Radius Global Market and commissioned by FactorTrust. Methodology The survey was conducted online within
Keywords for this news article include: FactorTrust, Investment and Finance.
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