All posts by Patty Guevarra
After launching Experian Boost, the first-of-its-kind tool that allows consumers to instantly increase their credit scores, in March 2019 we recently reached a significant milestone. Millions of consumers have boosted their credit scores to the tune of 50 million total points. This means many consumers have improved score bands, saved money with better interest rates, and maybe reached some of their financial goals such as gaining access to credit for a home. In fact, we know our Boost users have gained access to more than 1.7 billion total dollars in credit as a result of improving their credit score. The idea behind Experian Boost is to give consumers control over their credit – to enable them to make real, substantial progress in their financial health journey by getting “credit” for paying bills on time. Our ability to help consumers in a challenging economic climate is what drives us to continue to innovate. For example, we recently expanded Experian Boost to add positive payment history for video streaming services such as Netflix in addition to telecom and utility payments. The benefits to having control and using tools like Experian Boost do not end there. Consumers receive a boosted FICO® Score, which is used by a majority of lenders giving them a great opportunity for credit with better terms. In the first year after launching, we saw one million consumers add a credit card and nearly 250,000 consumers acquired an auto loan. Also, some consumers earned a credit score for the first time. What is also significant about Experian Boost is that this type of financial control and opportunity gives consumers a sense of empowerment, motivation and satisfaction that they can take a positive step in their financial journey. We’ve heard this firsthand from consumers through focus groups, and we even featured some consumers in our commercials who shared their positive experiences in front of the camera. This sentiment of empowerment among consumers is especially important right now as many are struggling financially due to the pandemic. We have many exciting new tools launching in 2021 and will continue to focus on empowering consumers to reach their financial goals. To learn more about Experian Boost, visit www.experian.com/boost.
A year ago, as we celebrated International Women’s Day at Experian, none of us could have predicted what the year ahead had in store for us. It has been a year that has repeatedly tested us across so many facets of our lives. It has been a year that has reinforced the importance of our resilient and inclusive culture. And, it has been a year, that despite the unsettled environment, we at Experian have made progress. This year, as we kick-off our celebrations, we want to take a moment to acknowledge the passion, commitment and perseverance of our inspiring women and their allies who have contributed to that progress. Experian is celebrating International Women’s Day with employee-led activities around the world spearheaded by our Women in Experian employee resource group. We are also embracing this year’s theme of #ChooseToChallenge and started at the top of our house with our Chief Executive Officer, Brian Cassin, hosting a discussion between the inspiring women of Experian’s Board of Directors. The discussion focused on how to drive positive change and future growth. This event, and the participation of our board members, was reflective of Experian’s overall commitment to diversity. Each of our female board members shared what they will #ChooseToChallenge this year. Ruba Borno I #ChooseToChallenge the idea that opportunities are limited “Every opportunity is a gift. I choose to challenge the idea that those gifts are finite. Every time I climb a ladder, I want to keep that ladder behind me so someone else can climb it and we can rise together.” Alison Brittain I #ChooseToChallenge us all to become better allies “International Women’s Day is a great opportunity to reflect on the things that we can do, both individually and collectively, to champion change, support our colleagues and make a positive difference. Every day we need to strive to create a culture that supports inclusivity, so that everyone can unlock their potential and perform at their best, regardless of their background, gender, ethnicity or how they identify. We can become better allies by challenging the barriers to diversity and celebrating difference.” Caroline Donahue I #ChoosetoChallenge gender inequity “As a woman in tech, I was fortunate to have several amazing mentors, most of whom were men and my direct supervisors. They supported me and helped me thrive as a single parent with a global travel schedule. One of my motivations in joining the Experian board was recognizing that Experian has an amazing culture and believes in and supports women and their careers. Experian is committed to diversity and inclusion and knows that a diverse workforce creates better outcomes for employees and customers. I know we can achieve 50% amazing women at all levels at Experian, just as we have created great diversity on the board, including my fellow female board members. I am thrilled to be a part of this company and this journey.” Deirdre Mahlan I #ChooseToChallenge obstacles to being heard “International Women’s Day is an opportunity to reflect on and celebrate the many roles that women play in contributing to families, culture, work and government. This year’s theme, #ChooseToChallenge resonates strongly with me. As a leader and a woman, I aim to live honestly and courageously and through my actions inspire others to live according to their own truth. We all have a role to play in ensuring we can each contribute and use our voice authentically. The many talents, leadership qualities and authentic voices of women at Experian in powering solutions will continue to be key to the success of Experian.” Our goals for International Women’s Week 2021 are to celebrate women’s achievements, raise awareness against bias and act against inequality. This week is an opportunity to reflect and contribute to our continuous journey for diversity, inclusion and belonging, and most of all, Choose to Challenge, because from challenge comes change.
In the United States, June is observed as Pride Month by the Lesbian, Gay, Bisexual, Transgender and Queer (LGTBQ+) community. The celebration is in remembrance of the 1969 Stonewall Uprising in Manhattan, a tipping point for the Gay Liberation Movement in the U.S. Pride is not only about the parades and flags, but about the celebration and commemoration of the contributions members of the LGBTQ+ community have made throughout U.S. history—and there are many. Though the beginnings of Pride Month originate in the U.S., Experian is committed to supporting and uplifting the LGBTQ+ community on a global scale. This year was an especially important year, marking both the 50th anniversary of the Stonewall Uprising and the one year anniversary of the inception of Experian’s Pride Network Employee Resource Group (ERG). Our Pride Network executive co-sponsors, Michele Bodda and Todd Rudie, say, \"As our culture continues to evolve, we feel especially empowered by Experian’s demonstrated commitment to diversity and inclusion. With great support from our leadership, we launched the Experian Pride Network just one year ago and have achieved success beyond our aspirations.\" Earlier this year, for example, Experian earned a \"2019 Best Place to Work for LGBTQ Equality\" designation by the Human Rights Campaign (HRC). \"We are proud to have achieved a perfect score on our very first submission to HRC’s Corporate Equality Index. This was a goal our ERG originally set out to achieve within three years,\" Bodda and Rudie stated. With so much to commemorate and celebrate, our Pride Network kicked off the month with numerous events around the world, including participation in official Pride parades, on-campus barbecues, bake-offs, spirit days, LGBTQ-focused webinars and so much more. It\'s important for us to not only provide a safe space for members of the LGBTQ+ community, but to also educate all of our non-LGBTQ employees about how they can be better allies. As part of the festivities, we had The LGBT Center OC conduct a webinar for ways we can develop tools and strategies for good allyship across the LGBTQ+ community and beyond. Here are some takeaways of what it means to be an LGBTQ+ ally: Allies have a deep understanding of LGBTQ+ people, terms, and experiences Allies speak up when they see discriminatory behavior Allies intervene in cases of bullying or harassment Allies always use the right name and pronouns for their transgender friends Allies recognize that they have privilege over other marginalized groups, and they want to use that privilege to help elevate the voices of the unheard Experian also hosted a webinar on navigating the workplace as a transgender individual. While several states have laws in place to protect transgender and gender non-conforming individuals in the workplace, harassment and discrimination are still large issues in the U.S. today. Here are some takeaways of what we can do to better support our transgender and gender non-conforming colleagues and friends: Understand the biases and hardships trans and gender non-conforming individuals face in the workplace — 75 percent of transgender workers experience discrimination, harassment, bullying, privacy invasion and suppression every day at work Know the laws in your state Empathize. You can do this by calling people by the preferred name/pronoun, refraining from making assumptions about others\' sexual orientations and avoiding making assumptions that all trans people look the same or are going through a \"transition\" Be an ally — add gender neutral/all-gender restroom options, normalize the usage of pronouns, don\'t ask personal or inappropriate questions, etc. After taking measures to further educate ourselves, it was time to celebrate! Here are some photos from our Pride celebrations: Costa Mesa, CA Allen, TX Schaumburg, IL Clearwater, FL Costa Rica