“Mintel expects more and more people to start using credit scoring services over the coming years. Consumers will continue to be interested in using their own data to help inform financial decisions, especially among younger age groups.As managing finances moves away from a focus on individual products, to a platform-type approach using open banking technology, access to credit scoring services will become an integral part of consumer finances.”
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Overview
Overview
This report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered. Market
Market
Mintel provides a range of market information across categories including: forecasting and share information; internal and broader market environment information; and the issues that affect the market in question.
The Market – What You Need to Know
Market Size
Market Drivers
Consumer
Consumer
Mintel conducts exclusive and original consumer research for reports, bringing up-to-date and unique insight to topical issues. This research examines the impact of social, economic, cultural and psychological influences on consumers.
The Consumer – What You Need to Know
Use of Credit Monitoring Services
Barriers to Using Credit Score Services
Prompts to Use Credit Monitoring Services
Interest in Features of Premium Credit Monitoring Services
Attitudes towards Credit Monitoring Services
Brand/Company
Brand/Company
Our brand research provides data and informed analysis across a number of consumer metrics including usage, satisfaction, recommendation, momentum and trust. It also explores consumer attitudes towards brands and examines the reasons behind these.
Companies and Brands – What You Need to Know
Consumer Use of Credit Score Brands
Competitive Strategies
Launch Activity and Innovation
Advertising and Marketing Activity
Data
Data
Reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
Appendix – Data Sources, Abbreviations, and Supporting Information
17th November 2020
“Experian Boost uses Open Banking to track regular payments such as streaming subscriptions to improve credit scores. The product will appeal primarily to young people with limited credit histories helping Experian increase its customer base among this demographic.” 
3rd March 2020
“Free credit score access will increasingly become a standard part of the banking app experience. Monzo and RBS are starting to roll out access to their customers, with other banks likely to follow suit as they aim to demonstrate their credentials as responsible and supportive lenders.”
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Subscription-based services need to differentiate to survive
