Portfolio Growth

How to Drill Down Deeper Into Your Portfolios

Posted on May 01 2012 by

To offset economic pressures and generate returns required to drive greater earnings, which will fuel future loan growth, portfolio managers are aggressively expanding their policies and practices to drill more deeply and frequently into their portfolios by identifying those members where relationships can be expanded and conversely identify those which are accelerating debt and stress.

To do that, a growing number of lenders are finding that it pays to look not only at a score or snapshot of a consumer profile, but take into consideration the magnitude and direction of change as well as frequency of review on all obligations and beyond the obligations they manage.

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Make Matching Prospects With the Right Products Easy

Posted on Apr 30 2012 by

Being able to streamline the process and proactively match the right consumers to the right products will reduce acquisition costs. Consumers also benefit because it has no impact on their credit score.

Clients tell us the number one reason people abandon online applications is because they are worried they’ll be declined. What if you alleviate this concern by matching consumers to the product that best fits their credit profile at the start of the shopping process, greatly improving their chances of approval when they apply?

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The Benefits of Knowing A Consumer’s Ability To Pay

Posted on Apr 25 2012 by

Income InsightSM and Income Insight W2SM, Experian’s income estimation models, were developed primarily to assist credit card lenders in assessing a consumer’s ability to pay to minimize the likelihood of extending credit beyond what the consumer can repay. However, as mentioned in a recent USA Today article, many other types of clients besides credit card lenders have found uses for income estimation models.

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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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