Experian Boost data will now be included in Virgin Slyce’s credit card decisioning process - giving Boost users more repayment flexibility as the cost-of-living challenges continue to impact their lives. Regardless of whether consumers apply for a Virgin Slyce credit card through Experian, Virgin Money, or any other third-party site, their boosted Experian credit scores will be considered.    
 
Experian Boost is the UK’s first service to help consumers improve their credit scores using transactional information like total current account incomings and outgoings, as well as regular payments to digital streaming providers, savings accounts, and council tax. The partnership with Virgin Slyce further supports Experian’s mission to improve financial inclusion for consumers, as Boost users will have access to even better credit options and repayment plans. 
 
Customers can connect to Experian Boost via Open Banking1, voluntarily adding new, relevant, and real-time information to take control of their credit score. Virgin Money Slyce, an innovative way to ‘buy now, pay better’, was launched in November 2022 and will help Boost customers manage their money in a way that works for them whilst also building their credit scores.  
 
The card allows customers to spread any monthly spend over £30 across 3, 6, 9, or 12-month repayment plans, and paying back in 3 or 6 months is fee-free. Longer payment plans from 9-12 months have a 7.5-10% instalment fee. The new partnership means those with under 800 points who wouldn’t have been eligible for the card can use Boost to help increase their chances.  
 

Sigga Sigurdardottir, Managing Director, Consumer Services at Experian, said: “The addition of Virgin Money Slyce is yet another positive step towards allowing more Boost users to improve their credit worthiness and access the right financial products for them. As the increased cost of living continues, it’s important for us to provide consumers with access to the best possible credit options.  
 
“Experian Boost launched to help make affordable credit more inclusive, so we’re glad that our partnership with Virgin Money Slyce is building on our commitment to providing
 that opportunity for consumers across the UK.” 
 
Jayne Sutherland, head of commercial strategy and propositions at Virgin Money, said:  
“We believe that people deserve credit that’s simple, manageable and rewarding, helping to boost their credit score as they battle the cost-of-living crisis to build for the future. We’re proud to partner with Experian Boost on Virgin Money Slyce to help more people discover and benefit from this brilliant and fresh alternative to traditional BNPL providers, and instead pay in a way that best suits them.”