5 REASONSTO EMBRACE

DATA REPORTING

Are you on the fenceabout reporting

consumer credit datato Experian?

Reporting datais quick, easy and

builds yourcredibilityas a lender.

REASONSTO START NOW

GET ON THE SAME PAGEAS REGULATORS

Yes, data reporting is still voluntary, but don’t forget, reporting can help the consumer, a big priority for regulatory agencies.

Data reporting protects consumers throughout their financial journey by revealing a more complete credit history.

A credit report with greater details allows consumers to evaluate mistakes of the past and make themself more desirable to lenders in the future.

MAINTAIN OR INCREASEON-TIME PAYMENTS

If you’re not reportingdelinquent payments,

what is the incentive foryour customer to pay on time?

There are no consequenceson their credit file, and they might

prioritize their payments accordingto who reports and who does not.

MINIMIZE YOURDELINQUENCIES AND COLLECTIONS

Your customer may seek additional credit elsewhere. If you’re not reporting data, another lender does not have visibility to their obligation and may extend credit.

This may cause your customerto become overextended, impacting their ability to pay you back.

REWARDYOUR CUSTOMERS

Good credit is a valuable asset. When consumers pay you on time, their credit scores can increase, giving them access to more financial products, at a lower cost ... but only if you report the activity.

On the flip side, incomplete or missing data can have a negative impact to their score, or result in no score at all.

GAIN DEEPERCONSUMER INSIGHTS

When lenders consistently report, consumer files thicken

and all lenders gain visibilityto credit quality and behaviors.

Layer on the power of analytics and lenders can proactively determine when a consumer is

in the market for a new line of credit,on the verge of transferring a balance,

or entering a state of credit distress.

Insights will help you maximize profitabilityand retention, and minimize losses.

To learn how to begin reporting to Experian, visit/call

experian.com/datareporting