We are thrilled to announce the expansion of our credit monitoring features, which now include 3 Bureau FICO® 8 Scores!
This evolution is designed to help organizations like yours better serve your consumers by providing them with the most comprehensive and accurate picture of their business credit health.
Why 3-Bureau Reports with FICO® 8 Scores Matter
Did you know that 90% of top lenders use FICO® Scores? FICO® Scores are widely recognized as the gold standard of commercial credit scores.
By offering 3 Bureau FICO® 8 Scores as part of your credit monitoring solution, you can help consumers:
Get a more accurate picture of their creditworthiness
FICO® Scores are calculated using a proven formula that consider a consumer's payment history, credit utilization, length of credit history, and other factors. This provides a more comprehensive view of their credit health than other credit scoring models.
Increase their chances of approval
Since most lenders use FICO® Scores to evaluate creditworthiness, providing your consumers with access to their FICO® 8 Scores from all 3 credit bureaus can give them a leg up on the competition. By knowing their FICO® Score, your consumers can take steps to better manage their credit health and increase their chances of approval for credit.
Avoid surprises at application time
Did you know that FICO® and VantageScore credit scoring models can produce different scores for the same consumer? By providing 3 Bureau FICO® 8 Scores, you can help your consumers avoid surprises at application time and give them a more accurate idea of their creditworthiness in the eyes of lenders.
Did you know that 90% of top lenders use FICO® Scores?
The Business Benefits of Credit Monitoring
Offering credit monitoring to your users can have a positive impact on your bottom line. Here are just a few ways:
Reduce Risk
By providing consumers with access to their 3 Bureau FICO® 8 Scores, you can help them identify potential credit issues before they become major problems.
Build Loyalty
Offering credit monitoring demonstrates your commitment to your consumers' financial well-being, which can lead to increased loyalty and retention.
Improve Decisioning
With access to 3 Bureau FICO® 8 Scores, you can make more informed lending and credit decisions, which can help you reduce defaults and losses.
Streamlined Integration and Support
Integrating 3 Bureau FICO® 8 Scores into your existing credit monitoring solution is easy with Array's embeddable components. Embed our solutions within your existing digital experience or we can customize an application for you. Our dedicated support team is also here to help you every step of the way, ensuring a seamless and hassle-free onboarding process.
Elevate Your Credit Monitoring Solutions with Array
Don't miss out on this opportunity to take your credit monitoring offerings to the next level. Contact us today to learn more about how you can start offering 3 Bureau FICO® 8 Scores to your consumers.
Credit score calculated based on FICO® X Score model. Your lender may use a different FICO Score than FICO X or another type of credit score altogether. Link to Long Form Disclosure.
Disclaimer: Array takes pride in ensuring the information we share is accurate and up-to-date; however, we understand that the information you read may differ from the product(s) and/or service(s) mentioned. We present the product(s) and/or service(s) you read about without warranty. We recommend you review the product and/or services’ terms and conditions before you make a decision. If you encounter inaccurate or outdated information, let us know by writing to: info@array.com.
Editorial Note: This content is the author’s opinion, expression, and/or recommendation(s).
Fed Finjap is a Senior Product Manager at Array, where he combines a knack for problem-solving with a passion for building impactful, user-centric solutions. Balancing his analytical mind with a creative approach, he helps shape innovative products that drive real-world results.
Before product management, Fed sharpened his strategic and financial acumen in investment banking at Credit Suisse, where he navigated high-stakes projects in the Global Industrials Group. His journey through startups like Merge and Yext gave him a front-row seat to the fast-paced world of B2B APIs, where he thrived as a builder and connector.
A proud graduate of the Wharton School at the University of Pennsylvania, Fed earned a Bachelor of Science in Economics, concentrating in Finance and Information Systems, with a minor in Computer Science. Outside of work, he’s always on the lookout for new challenges, whether it’s exploring emerging technologies, finding the next real estate gem, or perfecting his favorite recipes in the kitchen.
Before product management, Fed sharpened his strategic and financial acumen in investment banking at Credit Suisse, where he navigated high-stakes projects in the Global Industrials Group. His journey through startups like Merge and Yext gave him a front-row seat to the fast-paced world of B2B APIs, where he thrived as a builder and connector.
A proud graduate of the Wharton School at the University of Pennsylvania, Fed earned a Bachelor of Science in Economics, concentrating in Finance and Information Systems, with a minor in Computer Science. Outside of work, he’s always on the lookout for new challenges, whether it’s exploring emerging technologies, finding the next real estate gem, or perfecting his favorite recipes in the kitchen.