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According to Oliver Wyman research, there are at least 28 million credit “invisibles” – consumers without traditional credit histories – in the U.S., and another 21 million consumers who are unscorable by the credit models most commonly used by lenders today.

That’s nearly 50 million consumers – or one in seven consumers in the U.S. – who are potentially unable to access mainstream credit options, or if they do have access, may end up paying significantly higher interest rates. Many of these invisibles are underserved individuals and those living in rural communities, recent immigrants and younger generations, all of whom are underrepresented in the current credit reporting system.

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