Experian’s research indicates you to definitely, for digital (fintech) borrowers, at the very least, being qualified features went on being more challenging. They found that, while 30% out of on the web borrowers during the features sandwich-prime borrowing, merely 22% had been sandwich-primary from inside the . (Experian spends the fresh new VantageScore unlike FICO to determine credit scores. A sub-perfect VantageScore try some thing within or below 660. Learn more about negative and positive credit scores.) Experian services fintech lenders’ greater strictness to two factors: (1) sought after features greeting these to take care of loan regularity if you are tightening requirements, and you can (2) consumers’ credit ratings is actually more than obtained ever started. Read More