One of the unique aspects of Experian is the interplay between the two parts of our business, business-to-business (B2B) and consumer services. This sits at the very heart of our strategy. We see it as our mission to help consumers use their own data to get access to the best and most suitable offers. At the same time this nurtures our B2B side of the business and helps us to use the data contributed to develop even better propositions. We’ve pioneered this concept through Experian Boost, and now Experian Lift and Experian Go.
Millions of mortgages are applied for and approved every year in the United States. It’s one of the biggest, most stressful financial decisions a person can make.
All being well, it enables them to eventually own the home they live in and lay the foundation for building wealth over time. Mortgages have been greatly beneficial to many, with over 65% of Americans now owning their own home. For lenders, they represent a valuable source of fixed income, allowing them to plan for the growth of their companies efficiently. Given the amounts of money involved, applicants must provide proof of income and job stability. This helps give lenders a view of a consumer’s capacity to repay the mortgage. But it can take days or even weeks for a loan officer to receive the consumer’s pay slips, slowing down the process and adding stress for the consumer. With millions of trusted employer payroll records, Experian Verify can automate this process. It uses real-time data, on a flexible platform that can be tailored to each client’s unique needs. It enables decisions to be made in seconds, securely, reducing stress for consumers. It also reduces risk for lenders with more accurate and up-to-date information, reduces their costs and provides a more comprehensive view of a consumer’s financial health. This enables lenders to say yes to more borrowers.
Access to accurate and reliable information is a crucial part of the mortgage lending process.
What do farmers want to do? They want to farm. They want to grow crops and look after their animals, rather than spend time on paperwork. However, in places like Brazil, farmers are now having to deal with much higher levels of compliance when applying for credit. Access to credit is essential, because it allows farmers to plan their planting and buy fertiliser, seeds and equipment. They have to show not only that they can repay debt, but also that they aren’t involved in any illegal deforestation, encroachment onto indigenous land, modern slavery or environmental infractions. And they need to show this every time they apply for credit or sign up with a new food distributor. Experian’s Smart ESG platform takes care of this for farmers, by providing lenders with a holistic view of a farm’s compliance, and it monitors that compliance daily. A process that used to be highly manual and take weeks, now takes minutes.
This helps lenders explore new agricultural regions, understand the market and land use, and expand into agribusiness while meeting regulations and reducing their socio-environmental and reputational risk. For farmers, it means faster access to credit, as well as certification of their products going into the food supply chain — helping farmers do less paperwork and more farming.
Farming more effectively and more sustainably means more food can be grown to meet future demand while protecting the environment. This is important for everyone’s future.
Every year, bills get more expensive, and inflation is pushing prices ever higher. Trying to change providers or get a discount can be an incredibly stressful and time-consuming experience. Experian BillFixers™ saves consumers money by helping them negotiate a lower rate for the exact same service, whether for your TV, internet, phone or other bills like home security. The process is simple and seamless on our U.S. app: just agree to the terms, select the provider and upload a copy of the bill from any major U.S. provider. We contact the provider and negotiate with them directly, locking in discounts and credits. On average, our Premium members save US$264 a year. With the built-in AutoFix™ function, Experian BillFixer automatically renegotiates any bills before the discount rate expires, keeps track of price increases and looks for other savings opportunities — saving consumers time, money and stress.
With two-thirds of Americans living paycheck to paycheck, a few hundred dollars can be the difference between saving money or falling into debt. Experian can make that difference.
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