Finance Insurance

Adding alternative data to customer credit scores helps dealers, lenders

A new study finds 86 percent of consumers want to complete at least one step of the new-vehicle purchase process online, with 60 percent of consumers saying they would use the time saved on getting to know the vehicle more. (DAVID PHILLIPS)
August 21, 2019 03:59 PM

Adding alternative data to customer credit files can smooth transactions in the F&I office for subprime and credit-thin auto customers without adding risk to an auto lender's portfolio, experts say.

Staying current is easy with newsletters delivered straight to your inbox.