As a way to mitigate risk, many communication service providers (CSPs) currently consult traditional consumer credit reports.
However, adding trended credit data provides a better understanding of your customer base so you can make more confident data-based decisions — and say ‘yes’ to more applicants without impacting risk.
For example, in the telecommunications industry, enhanced credit data enables you to better evaluate which consumers should receive a prepaid contract or require an upfront deposit. A few examples of trended credit data:
- Up to 30 months of account history
- Account balances
- Payment patterns
- Past due accounts
- High credit usage
- Credit limits
Learn more by downloading the How-To Guide.