Bankcard

Average bankcard balances increasing

Posted on Apr 19 2012 by

The average bankcard balance per consumer rose to $4,359 in Q1 2012 – an 8 percent increase from the previous quarter. The increase resulted primarily from balance increases to VantageScore® A and B segments, which increased 31 percent and 11 percent, respectively. Download the latest Experian industry white papers. Source: Experian-Oliver Wyman Market Intelligence Reports. […]

Collections in today’s world: five steps for success

Posted on Apr 09 2012 by

The economy is accelerating at a sluggish pace, and world headlines cause business leaders to swing between optimism and pessimism daily. Risk managers must look more closely and much more frequently at their customers’ behavior to stay ahead of emerging credit problems. Some tips: Use all customer information when making decisions. Combining both internal and […]

Strong growth in bankcard originations for some credit tiers

Posted on Apr 02 2012 by

The strongest growth in new bankcard accounts is occurring in the near-prime and subprime segments of VantageScore® C, D and F. Year-over-year (Q1 2011 over Q1 2010) growth rates of 20 percent, 46 percent and 53 percent were observed for each of the respective tiers. Listen to our recent webinar featuring bankcard credit trends Source: […]

What metrics are you using to measure score performance?

Posted on Mar 26 2012 by

VantageScore®  polled risk professionals about how they are measuring score performance, and 60 percent of respondents said they are now using metrics beyond the Kolmogorov-Smirnov (KS) statistic value. One new metric is score consistency, which is defined as the ability to provide near-identical risk assessment of a consumer across multiple credit reporting agencies. In other […]

Use of real-time address verification increasing among top online retailers

Posted on Mar 21 2012 by

Experian® QAS®, a leading provider of address verification software and services, recently released a new benchmark report on the data quality practices of top online retailers. The report revealed that 72 percent of the top 100 retailers are using some form of address verification during online checkout. This third annual benchmark report enables retailers to […]

Study highlights generational gap on debt

Posted on Mar 20 2012 by

A recent Experian credit trends study showcases the types of debts Americans have, the amounts they owe and the differences between generations. Nationally, the average debt in the United States is $78,030 and the average VantageScore® is 751. The debt and VantageScore distribution for each group is listed below, with the 30 to 46 age […]

Are consumers paying their retail cards on time?

Posted on Mar 12 2012 by

While retail card utilization rates decreased slightly in Q3 2011, retail card delinquency rates increased for all performance bands (30-59, 60-89 and 90-180 days past due) in Q3 2011 after reaching multiyear lows the previous quarter. Listen to our recent Webinar on consumer credit trends and retail spending. Source: Experian-Oliver Wyman Market Intelligence Reports

Credit card delinquencies below prerecession levels

Posted on Mar 08 2012 by

Experian’s recently released study on the credit card and mortgage payment behaviors* of consumers both nationally and in the top 30 Metropolitan Statistical Areas yielded interesting findings. Nationally, since 2007, 20 percent fewer credit card payments are 60 days late, but 25 percent more consumers are paying their mortgage 60 days late. The cities that […]

Delinquent debt on the rise for very small and largest businesses

Posted on Mar 05 2012 by

Findings from the Q2 Experian Business Benchmark Report showed that the amount of delinquent debt has increased significantly for the largest and smallest businesses. Very large businesses (those with more than 1,000 employees) had the greatest shift in percentage of dollars delinquent, shifting from 11.6 percent in June 2010 to 18.2 percent in June 2011, […]