Experian ESG Presentation Deck
Executive Summary Improving Financial Health
Social - Experian Go case study (USA)
Helping credit invisibles.
What's the problem?
There are large underserved populations both in Gen Z
and among minorities in older age groups
26m
credit invisible
consumers
2015 CFPB survey
20m+
US consumers
aged 18-23
years old
25%
of households
unbanked or
underbanked
2017 FDIC survey
Data
4m
consumers turn
18 each year
30K
credit invisible
consumers visit
Experian each
month
Our research shows there are at least 28m credit invisibles
in the US with an additional 21m consumers who are
unscoreable by the credit score models most used by
lenders today. This problem more frequently impacts
communities of colour with 28% of all Black and 26% of all
Hispanic consumers currently unscoreable or credit
invisible.
We believe increasing financial inclusion depends on
creating opportunities for underrepresented consumers to
succeed. This starts with ensuring all consumers have a
financial identity.
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1. As at Q4 FY22
Experian Go press release
Experian Go website
Employees
Supply Chain
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Getting a credit profile
How does Experian Go help people?
Experian Go is a new free service in USA. It enables first
time access to credit and education in minutes for credit
invisibles and thin file consumers.
Within 5 minutes credit invisible consumers can achieve:
• Authenticated Experian credit bureau record
Tradelines and credit history (with data added via
Experian Boost)
Instant eligibility to financial offers
Consumers answer a short
questionnaire to ensure that their
personalised recommended next
steps best suit their individual
circumstances.
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Since launch, 40,000 consumers¹
have connected to Experian Go.
For those people who have since become scoreable, the
average starting FICO® Score 8 is a near-prime 686¹.
How do I use Experian Go?
1. Open the Experian app
2. Authenticate yourself using a government-issued ID
and a selfie
3. Add tradelines using Experian Boost for bills you
already pay;
View ca
Or learn about becoming an authorised user;
Or accept a specially created card offer from our
partners and start building credit
Governance
●
Policies & Data tables
The start of a great
partnership
We'll guide you through your
new credit journey...
Education about how credit
works
Financial education
Help setting and meeting
financial goals
Personalised
recommendations to
improve your credit and
launch you to financial
success
experian
Credit card basics
1
Healthy credit habits change as your credit grows.
When you're starting out, keep these tips in mind:
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3
Appendix
2
Avoid using your card for everyday purchases
to keep your balance managable.
Paying your balance in full each month will
help you avoid interest.
X
Prioritize paying your bills on time! A missed
payment can greatly impact new credit.
Our tried and true method for using a credit
card responsibly:
1
Set up autopay for your credit card from your
bank account/debit card
Put a small bill or subscription on your credit
card (Netflix, Disney+, etc)*
3
*Some folks cut up their credit card to avoid overspending
Get a credit score in 6 months!
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Working with partners
Experian Go will be also used by partners who work with
underserved communities, such as Unidos, Out and
Equal, Urban League and Handshake.
Working with trusted messengers
We're working with a range of different influencers to
reach different underserved communities on social mediaView entire presentation