Across the world, there’s a sizeable population of consumers who have no or very few traditional credit products (i.e., credit cards, auto loans, unsecured personal loans, label/store cards, student loans, etc.) in wallet — the credit underserved and unserved. Expanding credit access for underserved and unserved consumers presents a substantial opportunity for lenders to unlock financial services that enable greater economic opportunity.
Read our report to learn:
- Underlying reasons why consumers are credit underserved and unserved
- Key characteristics of credit underserved and unserved consumers
- Ways underserved consumers migrate to becoming credit served and how they perform in traditional credit markets