Lenders Find Creditworthy Borrowers Hiding in the Data

A credit file doesn’t capture every signal lenders can use to judge whether a borrower will repay. adults lack enough recent credit activity to generate a usable score, the Consumer Financial Protection Bureau (CFPB) noted last year, as PYMNTS reported . PYMNTS Intelligence separately found that 35% of subprime consumers have neither a credit nor store card, compared with 12% of prime consumers and 4% of super-prime consumers.