What is Alternative Credit Data? Uses, Types & Dataset Examples

Alternative credit data tracks non-traditional credit metrics, helping lenders assess creditworthiness. Discover our guide and selected alternative credit data providers.
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Eugenio Caterino
Editor & Data Industry Expert

What is Alternative Credit Data?

Alternative credit can be described as a catch-all phrase to highlight the reports on credit not normally reported in mainstream credit datasets. An alternative credit refers to any form of credit that is not included in the traditionally recognised investment grade and is better protected from the wider credit market movements. This data is useful when a business wants to establish good quality accounts which they can use to reduce credit risk and improve, retain, and grow a profitable customer base.

Examples of Alternative Credit Data include rental payment history, utility payment history, and mobile phone payment history. Alternative Credit Data is used by lenders and financial institutions to assess the creditworthiness of individuals who have limited or no traditional credit history. In this page, you’ll find the best data sources for alternative credit data provided by various alternative credit data providers.

Best Alternative Credit Databases & Datasets

Here is our curated selection of top Alternative Credit Data sources. We focus on key factors such as data reliability, accuracy, and flexibility to meet diverse use-case requirements. These datasets are provided by trusted providers known for delivering high-quality, up-to-date information.

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Frequently Asked Questions

Where Can I Buy Alternative Credit Data?

You can explore our data marketplace to find a variety of Alternative Credit Data tailored to different use cases. Our verified providers offer a range of solutions, and you can contact them directly to discuss your specific needs.

How is the Quality of Alternative Credit Data Maintained?

The quality of Alternative Credit Data is ensured through rigorous validation processes, such as cross-referencing with reliable sources, monitoring accuracy rates, and filtering out inconsistencies. High-quality datasets often report match rates, regular updates, and adherence to industry standards.

How Frequently is Alternative Credit Data Updated?

The update frequency for Alternative Credit Data varies by provider and dataset. Some datasets are refreshed daily or weekly, while others update less frequently. When evaluating options, ensure you select a dataset with a frequency that suits your specific use case.

Is Alternative Credit Data Secure?

The security of Alternative Credit Data is prioritized through compliance with industry standards, including encryption, anonymization, and secure delivery methods like SFTP and APIs. At Datarade, we enforce strict policies, requiring all our providers to adhere to regulations such as GDPR, CCPA, and other relevant data protection standards.

How is Alternative Credit Data Delivered?

Alternative Credit Data can be delivered in formats such as CSV, JSON, XML, or via APIs, enabling seamless integration into your systems. Delivery frequencies range from real-time updates to scheduled intervals (daily, weekly, monthly, or on-demand). Choose datasets that align with your preferred delivery method and system compatibility for Alternative Credit Data.

How Much Does Alternative Credit Data Cost?

The cost of Alternative Credit Data depends on factors like the datasets size, scope, update frequency, and customization level. Pricing models may include one-off purchases, monthly or yearly subscriptions, or usage-based fees. Many providers offer free samples, allowing you to evaluate the suitability of Alternative Credit Data for your needs.

Eugenio Caterino

Eugenio Caterino

Editor & Data Industry Expert @ Datarade

Eugenio is an editor and data industry expert with over a decade of experience specializing in B2B data marketplaces and e-commerce platforms. He has a strong background in data analytics, data science, and data management. Eugenio is passionate about helping companies leverage data and technology to drive innovation and business growth, ensuring they can easily and efficiently access the solutions they need.

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