We Want to Hear About Your Alternative Data Stories

[BPJFICO]

Dear Forum members -

We are looking to identify a few people who have positive stories to share related to gaining access to a loan or credit card that was faciliated by the use or provision of alternative data (e.g., mobile phone, utility, cable and/or rental payment information). 

A real plus if you live in Minnesota.

Thank you!

[Thomas_Thumb]

My daughter had no Fico credit score but was able to obtain two prime credit cards (Discover and WF Visa) without an AU account or other outside support. She was a renter and paid utility bills - 100% on time payment history. Discover approved a credit card for her with a $1800 SL and WF with a $1200 SL on a reported annual income of $10,500 as a part time CNA.

The Discover approval letter that came with her card referenced a L2C score (672 as I recall) and it included the below distribution curve with a side note: "How your score compares to the scores of other consumers".

[arkane]

Doesn't really count but a DP nonetheless (hopefully )

Moved to US from Canada in late 2012 with 3 years of perfect Canadian credit history but 0 US history. Filled out a "Canadian client special handling form" or something to that effect with BoA, and they were apparently able to pull my Canadian history and approve me for a $6k Cash Rewards on the spot in-branch. The only thing on my Canadian file was a Scotiabank student card with a $1k limit.