Bankcard

Delinquencies move in the right direction as balances increase

Posted on Jun 18 2015 by

According to a recent Experian analysis, bankcard balances increased 6% year over year to $629 billion in Q1 2015, while delinquencies remained low with 60–89 day-past-due delinquencies declining 8%.

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Developing a data migration plan

Posted on May 22 2015 by

Data migrations are very common in today’s business environment. A recent Experian Data Quality study found that while 91% of businesses engage in data migrations, 85% encounter significant challenges.

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Using data to understand customer preferences

Posted on Apr 27 2015 by

In today’s data driven world, decisioning strategies can no longer be one-dimensional and only risk-focused. By employing a multidimensional decisioning approach, companies can deliver the products and services customers need and want.

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A centralized approach to data quality

Posted on Apr 22 2015 by

Data quality continues to be a challenge for many organizations.

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Bankcard utilization increases dramatically for lower tiers

Posted on Apr 21 2015 by

While the average bankcard utilization rate hovered around 20% during the last quarter of 2014, utilization rates can vary greatly when analyzed by VantageScore® credit tier.

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Minnesota dominates top 10 list

Posted on Dec 19 2014 by

Experian’s most recent State of Credit report analyzed the average credit scores for more than 100 metropolitan statistical areas (MSAs).

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Balance transfers: a profitable opportunity

Posted on Oct 17 2014 by

Card-to-card balance transfers represent a substantial profit opportunity for lenders.

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The power of data quality

Posted on Sep 08 2014 by

Data quality continues to be a challenge for many organizations as they look to improve efficiency and customer interaction.

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Delinquencies fall as bankcard originations continue growth trend

Posted on Aug 11 2014 by

While bankcard originations increased 26 percent year over year to $85.3 billion in Q2 2014, delinquencies continued their downward trend, reaching 0.47 percent of balances — an 8 percent decline year over year.

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Average debt amounts increase while average credit scores hold steady

Posted on May 27 2014 by

Experian’s most recent Credit Trends study analyzing current debt levels and credit scores in the top 20 major U.S. metropolitan areas found that Detroit, Michigan, residents have the lowest average debt ($23,604) and Dallas, Texas, residents have the highest average debt ($28,240).1

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