Personal Loans are Hot
The personal loans market is growing with $95B in
originations in 2018* alone.
Despite this, many lenders still struggle to attract and approve applicants due to low conversion rates and high cost of acquisition. To expand their portfolios, lenders are making more offers to more qualified applicants and are turning to alternative data sources to augment their risk scoring. However, many options in the marketplace present more swap out opportunities than swap in, or introduce friction in the application process by requiring financial account credentials.
Say Yes to More Applicants Without Friction
Introducing Insight Score for Personal Loans (ISPL), an innovative, FCRA risk score
optimized for unsecured personal loans. ISPL combines Equifax unique data
assets and technology, such as communications, pay TV and utility payment
history, trended data and NeuroDecision® Technology (NDT), to enable
lenders to more confidently approve a broad spectrum of consumers for personal
With ISPL, no consumer-contributed data is required. And you may use this score for new account origination, underwriting, pre-qualification, and pre-screen.