Experian
social boost case study overview boost results benefit to customers market context median us household income is people are sub prime a credit score could cost a consumer more in interest over their life what is boost and how does it work a free consumer product first launched march in consumers give us permission to connect to their banking accounts identify utility streaming payments then add these to their credit file after the consumer verifies the data and confirms they want it added to their credit file an updated fico score is delivered in real time a boosted credit score may help lenders to make more informed decisions when examining prospective borrowers consumer benefits boost helps bring more consumers into the credit system and may also give access to more financial products and at lower interest rates credit cards and car loans millions of people in the us have used boost to increase their credit scores with those with the starting scores receiving the biggest boost of people with new offers after boost all customers poor score band thin file increased score mean points increase increased score band average new offers per boosted customer of those previously not who become credit accessed by customers after completing boost results par | Experian
Company
Deck Type
ESG
Sector
Industry
Deck date
June 2022
Slide
24 of 91
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