Equifax introduces new onescore scoring model to help expand access to credit and drive financially inclusive lending

New offering is first to combine traditional credit data with telecommunications, utility, pay tv and speciality finance data; builds on equifax leadership in alternative data to boost scorable population of credit seeking u.s. consumers atlanta , march 27, 2023 /prnewswire/ --  equifax ® (nyse: efx) continues to support financially inclusive lending with the launch of onescore, a new consumer credit scoring model that combines the company's leadership in alternative data insights with the power of the equifax cloud™ to provide u.s. lenders and service providers with a more comprehensive financial picture of credit seeking consumers. onescore is unique to the industry because it is the first single score to combine traditional credit history with telecommunications, pay tv and utility payment data on over 191 million consumers, as well as equifax datax and teletrack specialty finance data on 80 million consumers - including payment history from non-traditional banks and lenders - potentially increasing credit scores by up to 25 points and the scorable population by more than 20 percent.
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