There was some variation in what data was considered alternative, according to FactorTrust’s Alternative Data Survey Results.
Overall, the definition of alternative data was quite unanimous as “credit related data not found on the traditional three credit reports,” according to the June survey. For example, FactorTrust, LexisNexis, Clarity, TransUnion L2C, TransUnion TLO, Equifax, The Work Number (Verification Services), Equifax National Consumer, Telecom & Utilities Exchange (NCTUE), and Check Advisor are some of the sources that provide alternative data, the report said.
