Alternative Credit Decisioning Tools (ACDT's) are an emerging category of risk assessment resources. They are referred to as “alternative” because they leverage consumer information that doesn’t typically appear on bureau credit reports. While independent studies attest to their predictive abilities, there has yet to be a comprehensive report on the social, economic and regulatory effect of their use.
This white paper fills that void with a 360-degree view of the opportunities and challenges of ACDT’s. Conducted by Javelin Strategy & Research, this independent study explores the acceptability of such tools in the auto- and credit card-lending industries, reports on consumer and regulatory receptivity and offers insight into the impact of ACDT's on potential revenue growth