Experian Wins Award

By Staff Writer March 16, 2020

Experian announced Experian Boost as the winner of the “Consumer Lending Innovation Award” in the 2020 FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global fintech market.

Experian Boost, which is available at no cost to all credit active adults in the United States, helps consumers to contribute positive telecom and utility payment history directly into their Experian credit file for an opportunity to instantly increase their FICO Score, according to Experian. By adding eligible accounts to their Experian credit file, consumers can build a stronger payment history, while helping lenders make more informed decisions about prospective borrowers. Consumers can seamlessly switch the service on and off at any time – putting them in complete control of their information. There’s no limit to how many times a consumer can use Experian Boost to contribute new data.

Since launching in March 2019, on average, two-thirds of consumers who use Experian Boost see their credit scores increase with an average improvement of 13 points.  In addition, 12 percent of Experian Boost users move up a credit tier.

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Last modified on Tuesday, 17 March 2020 13:15