Episode 44: How Alternative Data Helps the Credit Invisible

Okay, so the purpose of the credit score is to give lenders something upon which to frame a quick decision: Should I loan to you or not? But not everybody has a credit score. Those without one are called the "credit invisible" consumer market. But 99% of people pay a phone bill. In this episode, I interview Steve Ely, CEO at eCredable, about using alternative data to help the 46 million credit invisible market build credit.