Utility bill data improves credit scores
WattzOn is the first scalable solution for utility payment history data
WattzOn's API makes integration easy for online lenders and credit bureaus
Credit risk analytics are improved with the addition of utility bill payment histories.
Millions of Consumers Can Benefit
110 million adults have been deneid a credit card.
50 million millenials don't have a credit history.
3 million adults without a credit score could qualify for a mortgage.
Use WattzOn to enable consumer-permissioned data transfer, at scale.
Credit Score Models are Ready
Leading credit bureaus have built and tested credit score models that include utility payment histories.
FICO: Since 2009. Models 8, 9, and XD.
Vantage Score: Since 2013. Models 3.0 and 4.0.
Online lenders and other credit bureaus too!
Utility Data Improves Scores
97% of consumers see same or better scores after providing data.
Average score increase of 29 points.
23% of consumers obtained a thick-file score for the first time.
40% of consumers experience credit card interest rate reductions.