Plaid on Wednesday introduced LendScore, a new credit risk model that uses real-time cash flow data and account connection insights to give mortgage lenders a more complete view of a borrower’s financial situation.

The launch comes amid significant shifts in consumer borrowing behavior and credit scoring. Plaid pointed to a recent TransUnion study, which found that Americans currently hold about $257 billion in unsecured personal loans, and more than half of borrowers who took out a personal loan in the past five years are still repaying it.

And as borrowers increasingly use alternative products like buy now, pay later details ⇒

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