Credit Cornerstone

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Group with lowest average balance shows greatest quart...

While VantageScore® super-prime consumers carried the lowest average credit card balance of all credit tiers in Q4 2012 ($2,581), this group experienced the greatest...

Read More Group with lowest average balance shows greatest quarterly percentage increase
Consumers are taking on longer automotive loans...

Findings from Experian's latest State of the Automotive Finance Market analysis showed the average loan term for a new vehicle jumped to an all-time...

Read More Consumers are taking on longer automotive loans
National credit default rates are in line with other e...

The most recent release of the S&P/Experian Consumer Credit Default Indices showed national credit default rates decreased in February. The national composite* moved from...

Read More National credit default rates are in line with other economic trends
New model expands the scoreable universe...

Using a more inclusive scoring model such as the new VantageScore® 3.0, lenders can score up to 30 million consumers who are labeled "unscoreable"...

Read More New model expands the scoreable universe
Consumers with HELOCs have the highest average credit ...

While the overall average VantageScore® for consumers in Q4 2012 was 748, the average score can vary greatly by specific loan product. For example,...

Read More Consumers with HELOCs have the highest average credit score
Increase debit card usage to drive revenue...

Spending on debit and prepaid cards in the United States topped $2 trillion in 2011, with 75 percent of this purchase volume being non-ATM...

Read More Increase debit card usage to drive revenue
Small firms struggling to pay credit obligations...

The Experian/Moody's Analytics Small Business Credit Index tumbled in Q4 2012, falling 6.8 points to 97.3 from 104.1 in the previous quarter. This is...

Read More Small firms struggling to pay credit obligations
Auto lending still healthy despite increase...

Experian Automotive's Q4 2012 credit trends analysis found that 60-day delinquencies rose from 0.72 percent in Q4 2011 to 0.74 percent in Q4 2012....

Read More Auto lending still healthy despite increase
Study recommends monitoring security and privacy pract...

According to a recent Ponemon Institute study, 65 percent of study participants say their organization has had a data breach in the past two...

Read More Study recommends monitoring security and privacy practices of vendors
Most “unscoreable” consumers are not subpr...

The average unscoreable consumer has a good job and a better-than-adequate credit profile. Sixty-one percent of unscoreable consumers hold professional level or skilled labor...

Read More Most “unscoreable” consumers are not subprime
Almost half of consumers want to improve credit scores...

According to a recent survey that asked Americans about their understanding of credit scores 83 percent have checked their credit scores and nearly half...

Read More Almost half of consumers want to improve credit scores
Most consumers see score improvement...

Roughly 70 percent of credit scores change by up to 20 points in any given 90-day window. Most consumers experience a score improvement rather...

Read More Most consumers see score improvement
First mortgage default rate drives increase in nationa...

The December release of the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed the national composite* increased...

Read More First mortgage default rate drives increase in national credit default rate
Two-thirds of the national population has one or more ...

Bankcard originations have continued to increase, with Q3 2012 originations increasing 32 percent over Q3 2011. On average, 66 percent of the population now...

Read More Two-thirds of the national population has one or more bankcards
Northeastern states dominate top 10 list...

To learn the status of Americans' current credit card spending, Credit.com recently compiled a list of the states with the highest average bankcard balance...

Read More Northeastern states dominate top 10 list