Tag: VantageScore

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Anticipating and growing personal loans in 2017...

Personal loans have been booming for the past couple of years with double-digit growth year-over-year. But the party can’t last forever, right? In a recent...

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Scoring 101 – Evolution of scoring...

For as long as there have been loans, there has been credit risk and risk management. In the early days of US banking, the difficulty in assessing risk meant that lending was severely limited, and many people were effectively locked out of the lending system. Individual review of loans...

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New year… new growth?...

As we kick off the new year, I thought I’d dedicate a few blog posts to cover what some of the consumer credit trends are pointing to for potential growth opportunities in 2012, specifically on new loan originations for bankcard, automotive and real estate lending. With the holiday season...

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Treatment of medical debts in scores...

By: Kari Michel The way medical debts are treated in scores may change with the introduction of June 2011, Medical Debt Responsibility Act. The Medical Debt Responsibility Act would require the three national credit bureaus to expunge medical collection records of $2,500 or less from files within 45 days of their...

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Credit Cards Making a Comeback...

A surprising occurrence is happening in the consumer credit markets. Bank card issuers are back in acquisition mode, enticing consumers with cash back, airline points and other incentives to get a share of their wallet. And while new account originations are nowhere near the levels seen in 2007, recent growth...

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Credit Scores Migrate Over Time...

By: Tracy Bremmer Score migration has always been a topic of interest among financial institutions. I can remember doing score migration analyses as a consultant at Experian for some of the top financial institutions as far back as 2004, prior to the economic meltdown. Lenders were interested in knowing if...

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Renters Now Have the Opportunity to Establish or Rebui...

By: Kari Michel In January, Experian announced the inclusion of positive rental data from its RentBureau division into the traditional credit file. This is great news for an estimated 50 million underbanked consumers – everyone from college students and recent graduates to immigrants – to build credit with continuous on-time...

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Consumer’s overall creditworthiness has deteriorated...

By: Kari Michel Lending institutions are more challenged today than ever before when assessing credit risk to find creditworthy consumers. Since 2006, the start of the housing bust and recession, consumer’s overall creditworthiness has deteriorated, especially those consumers who once had a high score (low risk). “For example, a study earlier...

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Holiday spending – are lenders ready?...

By: Staci Baker As we approach the end of the year, and the beginning of holiday spending, consumers are looking at their budgets to determine what level of spending they can do this holiday season, or if they will need additional credit for those much wanted gifts. With that...

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At look at risk models given recent economic volatilit...

By: Kari Michel How are your generic or custom models performing? As a result of the volatile economy, consumer behavior has changed significantly over the last several years and may have impacted the predictiveness of your models. Credit models need to monitored regularly and updated periodically in order to remain predictive....

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Recent Webinar signals optimistic perspective...

By: Staci Baker As the economy has been hit by the hardest recession since the Great Depression, many people wonder how and when it will recover.  And, once we start to see recovery, will consumer credit return to what it once was? In a recent Experian-Oliver Wyman Market Intelligence...

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Credit Risk Models – Which model to choose...

By: Kari Michel Credit risk models are used by almost every lender, and there are many choices to choose from including custom or generic models.  With so many choices how do you know what is best for your portfolio?  Custom models provide the strongest risk prediction and are developed using...

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