article thumbnail

Understanding Why You Have So Many Different Credit Scores

Titan Consulting

All three for-profit credit reporting agencies, Experian, Equifax and Transunion compile and report consumer credit and debt payment activity and sell this consumer information to lenders seeking to grant credit. Here’s why: Who Decides Your Credit Score? Final Thoughts.

article thumbnail

Bank Ecosystems: The Role of Data Ingestion

Fico Collections

Let’s assume the lender in this example is aiming to grow its new-to-system customer portfolio via launching a new digital lending product: small-ticket unsecured instalment loans. However, for an instant, digital credit decision process, this capability is a must. . So what do I mean by “strong data ingestion capability”?

Banks 59