lenders

You may have to give more personal data to get personal loan

Would you feel comfortable disclosing your bank account information on a personal loan application? What about your work history? Your college major? That’s what it could take to borrow money from some loan companies that consider alternative data which can be anything that isn’t in your credit report when deciding whether to approve your loan application. Companies that use the data say it helps them better evaluate applicants by giving them insight beyond a credit report, which usually shows things like your name, address, social security number, and current and past credit accounts. But some consumer advocates say that while