Alternative Credit Reports

Alternative Credit Reports, or Non-Traditional Credit Reports, can help provide a clearer picture of credit-worthiness when traditional credit reports are lacking; for example, for evaluating the credit history of people who don’t have previous mortgages or other loans but have a good history of making other types of payments. Rental, utility, phone, and other recurring payments that aren’t reported to other credit bureaus are documented and verified. Payment history on “non-traditional” trade lines is formatted similarly to traditional credit lines and allows for customized approval criteria based on:

  • Type of accounts (rent, utility, phone, etc.)
  • Number of accounts
  • Length of payment history
  • Size of payments
  • Timeliness of payment