Financial responsibility makes a prospective spouse more attractive

Posted on Jun 20 2014 by

A recent Experian Consumer Services survey focusing on the most important attributes in a prospective spouse found that married adults value financial responsibility more than physical attractiveness.

Share

More consumers are opting for longer loan terms

Posted on Jun 12 2014 by

With the cost of new vehicles continuing to increase, consumers are opting for longer loan terms.

Share

Refi activity continues to impact mortgage originations

Posted on Jun 06 2014 by

According to the latest Experian-Oliver Wyman Market Intelligence Report, mortgage originations for Q1 2014 decreased by 53 percent over Q1 2013 – $235 billion versus $515 billion, respectively.

Share

Automotive delinquencies increase in twenty-two states

Posted on Jun 02 2014 by

Although 60-day automotive loan delinquencies fell 1.7 percent at a national level when comparing Q1 2014 to Q1 2013, twenty-two states actually experienced a delinquency increase.

Share

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

Share

Declining balances and rising delinquencies cause setback in Q1

Posted on May 15 2014 by

Following a full year of steady improvement, small-business credit conditions stumbled during the first quarter of 2014.

Share

Study explores how frequently lenders validate credit scores

Posted on May 09 2014 by

As part of its guidance, the Office of the Comptroller of the Currency recommends that lenders perform regular validations of their credit score models in order to assess model performance.

Share

Heartbleed: Is your organization prepared?

Posted on May 01 2014 by

The security world was taken by surprise earlier this month when researchers discovered Heartbleed, a new large-scale threat that exploits a security vulnerability in OpenSSL.

Share

The majority of Millennials have used a cosigner in the past

Posted on Apr 24 2014 by

A recent survey focusing on the credit behavior of Millennials (age group 18 to 30) shows that 90 percent are familiar with cosigning and two-thirds have used a cosigner in the past.

Share

New card limits increase only for top credit tiers

Posted on Apr 17 2014 by

Bankcard originations had a 32 percent year-over-year increase in Q4 2013 ($61 billion to $81 billion).

Share