Chapter 18: DataX
IN THIS LESSON
What is it?
Gain insight into non-prime consumers and those with thin credit files with DataX - an FCRA-governed specialty CRA created to uncover creditworthy non-prime prospects by looking beyond traditional credit reporting. DataX uses alternative payment types (checks, cash, money orders, ACH, etc.), and is inclusive of full header, tradeline, performance, and payment data. None of the tradelines are found in the consumer credit file, so using both data sources creates a fuller and more up-to-date view.
Bring more borrowers into view with non-traditional credit data
The DataX Credit Report from Equifax provides access to a comprehensive repository of unparalleled alternative data around demographics, tradelines, and payment histories for millions of non-prime consumers. The database is one of the largest of its kind, and we process more non-prime lending transactions than any other provider in the space. That means you get more and better information on payday loans, installment loans, subprime credit cards, and other non-traditional credit sources for reduced risk and optimal portfolio performance. Bring more borrowers into view with non-traditional credit data.
How does DataX get its data?
Through unique, exclusive access to industry-leading specialty finance and alternative lenders. These
partnerships, and our proprietary auditing program helps ensure the information provided is accurate and
up to date. You get a report full of everything you need to make more informed lending decisions, including:
Application information
Conflict indicators
Unique identifiers
Tradeline summaries
Payment history details
