Consumer Empowerment

[White Paper] 2014 Forecast for the Data Breach Industry

Posted on Feb 11 2014 by

Looking ahead, all signs point to 2014 being a critical year for companies to become better prepared and have the swift ability to respond to data breaches. To accomplish this goal, it is imperative that companies understand the evolving data breach environment. Based on our experience, there are six key predictions companies should monitor in 2014.

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Unlock Your Credit: Know Your Plastic

Posted on Apr 27 2012 by

Understanding some fundamental principles about credit cards will help your customers choose the best ones to carry in their purses or wallets.

There are three key issues to consider. First, is the account reported to Experian and the other national credit reporting companies? Second, is the account secured or unsecured? Third, what is the individual’s association with the account?

There are a number of different types of accounts for which a card may be issued. However, the account associated with the card must be reported to Experian in order for it to appear in a credit history and be included in credit score calculations.

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VantageScore – Lenders Look At More Than Your Credit Score

Posted on Apr 25 2012 by

VantageScore® helps consistently measure a consumer’s creditworthiness across all bureau platforms.

The majority of lending decisions are based on custom scores developed and owned by individual creditors. Financial institutions view these custom scores as intellectual property, and they are rarely, if ever, disclosed to consumers. There also are various third-party scores that lenders use in the underwriting process that are implemented differently to assess a consumer’s creditworthiness.

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Opportunities Within The Underbanked Market

Posted on Apr 25 2012 by

The underbanked, or unbanked, market represents nearly 64 million U.S. consumers who have limited or no traditional credit history. What does this mean for consumers and what are the potential opportunities in the financial services market?  Approximately 25 percent of the population could benefit from a wide range of financial products and services.

The dramatic transformation of the financial services industry requires new advances and innovation in credit strategies to respond to the growing number of underbanked customers who need to be served. At the core of these changes are real people who need financial options to manage their lives and who are critical to getting this nation back on track. Quality products and services are the key to your prospective customers’ future, enabling providers to profit while actively contributing toward improving people’s lives.

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