Utilities

Some 70 million consumers are considered “non-traditional” because they lack adequate history to allow for traditional credit scoring. Alternative data—non-credit header data that looks at indicators such as residential stability, asset ownership, derogatory status and life stage analysis—has proven to be a highly effective predictor of behavioral patterns and financial risk levels.

Utilities providers serve an especially diverse socioeconomic group of customers, making them subject to above-average complexity and risk when it comes to extending credit. Yet utilities providers must still provide fast and convenient service to all customers—alternative data can be especially helpful in such scenarios.

Alternative data sources include public records that range from bankruptcy filings and automobile registrations to criminal conviction history and more. They also include private source information—including bill payment history, an individual’s current address, employment information and payday loan inquiries—none of which appears in conventional credit bureau reports. LexisNexis can help you:

• Go far beyond typical credit header data to help you get a clearer picture of customers and better assess risk
• Provide actionable scores or just the attributes if you already have a risk-scoring solution in place and simply need to access our data
• Automate scoring and decisioning processes for improved efficiency

See what our Credit Risk Management Solutions can do for your utilities organization.