COSTA MESA, CA (August 10, 2021) – Leading information services company Experian today announced the launch of Inclusion Forward – Experian Empowering Opportunities, a first-of-its-kind initiative to help clients identify and directly support underserved and vulnerable communities. Inclusion Forward harnesses Experian’s data, analytics and technology to help clients create and provide more affordable credit access.
“At Experian, we believe every consumer deserves access to fair and affordable credit.
"In fact, it’s our mission to drive financial inclusion and help facilitate that access,” said Craig Boundy, chief executive officer of Experian North America. “Through Inclusion Forward, we will expand our work in helping clients better serve and provide greater financial opportunities for all consumers.”
This is the latest step in Experian’s work to help the more than 100 million consumers who are restricted by traditional scoring methods. In 2019, the company introduced Experian Boost, empowering consumers to contribute positive payment history for accounts including cell phone, utility, streaming service, internet and more, directly to their Experian credit report. This helps build their credit history and can potentially increase their credit scores. The company introduced United for Financial Health in 2020 to empower and protect vulnerable people and communities, enabling them to improve their financial wellbeing through education and action.
“Closing the wealth gap is key in racial equity efforts,” said Wil Lewis, chief diversity, equity and inclusion officer for Experian.
“By unlocking the power of Experian data, clients can better understand the financial challenges consumers from diverse backgrounds may face and help achieve their diversity, equity and inclusion goals. This can lead to creating solutions and education for all consumers, so they can achieve their life goals.”
Experian begins rolling out the program to clients later this month.