Thin credit file (Thin file)
A thin credit file is a credit report with little or no borrowing history, which makes an applicant hard to score with traditional bureau data. It is common among young adults, recent migrants and people who have mostly used cash or debit.
Thin-file applicants are not necessarily high risk; they are simply hard to assess with conventional data. Lenders that rely only on bureau scores may decline creditworthy customers and miss good lending.
Open Banking and alternative data help by showing real income and money management, letting lenders decide on behaviour rather than absence of history.
Credit Canary builds thin credit file into one platform for UK lenders, with the data and decisioning behind it.
Affordability ScoreSee thin credit file in a working platform
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