Tag: consumer credit
As digital borrowing continues to gain prominence, fintech lenders must leverage data and analytics to fuel growth while mitigating risk.
To better understand a consumer's credit behavior over time, financial institutions must leverage trended data.
Credit education resources can create opportunities for consumers to open more new accounts, which can help drive more new business.
Learn about the differences between prescreen and prequalification and how these tools can help you increase ROI.
Generation Z will soon represent a significant portion of buyers and borrowers in the U.S. Here's why your business should help them.
With the right technologies and solutions, rental housing operators can manage risk and create better experiences for prospective renters.
According to Experian’s State of the Automotive Finance Market Report: Q2 2022, the average new vehicle interest loan rate for consumers with a credit score between 501 and 600, also referred to as subprime, was 9.75%—compared to prime consumers with a credit score between 661 and 780, who had an average new vehicle interest loan rate of 4.03% this quarter.
Consumers are shifting to used vehicles over new, with a higher percentage of consumers financing used. The move comes as the industry continues to grapple with inventory shortages, driving vehicle values higher.
When extending firm offers of credit, lenders have relied on direct mail to reach their intended audiences. But what if there are more ways to deliver a credit offer?
Providing value to consumers is no longer just about offering great products & services; it’s about helping them achieve their financial goals.
Generation Z has money on their minds, and as their appetite for personal finance grows, financial institutions better be ready.
Experian discussed the benefits of FCRA data and ways this data can ease credit access for “invisible” consumers in a recent webinar hosted by AFSA.
As lenders and consumers emerge from the pandemic, predicting the attributes of the “new normal” will be difficult.
Partnerships fill a need in the quest for sustainable growth. Here are three key questions to consider when evaluating if a partner is right for you.
This is the third in a series of blog posts highlighting optimization, AI, predictive analytics, and decisioning for lending operations.