The 2022 Experian Edge Economic Chartbook is a look back at the hottest economic and credit trends our team covered over the last twelve months. From the reopening of the economy and the return of travel to the Russian invasion of Ukraine and the reemergence of decades-high inflation, 2022 was a year of ups and downs and hope and doubt. And all along the way our economists, credit experts, and analytics professionals consistently showed up to bring deep insight and our unique, credit-focused view to the market. By distilling the key themes from our industry-leading webinars, client conversations, and special reports from the past year, we hope to provide you with a stage-setting resource that you will turn to again and again in the months ahead.
Our expert panel discusses the implications of the November 8th election results, as well as the impact of shifting regulatory policy. Hot topics include alternative data, buy now pay later, open banking, data reporting and privacy. Watch now to learn more.
Join us for the latest updates regarding the macroeconomic forecast and regional trends. Our experts will conduct a deep dive into changing trends as a result of COVID-19, featuring all-new data and implications.
Learn how credit unions can optimize their credit limit strategies to grow card use, increase member loyalty and manage risk.
Discover key insights to understand and capitalize on growth opportunities for the Alternative Finance Services market.
Leverage the right insights to learn how you can effectively grow in this environment.
North American economic strength is riding on the backs of the resilient U.S. Consumer. For the past two years, the fear of an imminent recession rang in the ears of economists and consumers alike, radiating declining confidence in growth and the ability to prolong spending behaviors consumers grew accustomed to during pandemic recovery. Those fears have been pushed aside as consumers beat holiday spending expectations, upending retailers' anxiety entering the season.
As we prepare for the year ahead, it’s crucial to understand the trends of 2023 that shaped our current economic environment. Download the 2023 Experian Edge Economic Chartbook, where you can find critical insights into the labor market, inflation, banking stress, delinquencies and more.
Acquire valuable perspectives to drive decision making with our Q3 insights report.
It’s that time of year; the industry’s annual checkup, and we’re excited to share insights that will provide a better view of the consumers you serve.
For five years in a row, Clarity’s Alternative Financial Services Lending Trends Report has been the go-to resource for those seeking insights into non-prime borrower behavior, alternative credit data, industry trends in the alternative financial services market, and more.
In this report, we analyzed:
Access our 2018 trends report, which dives into the latest findings attached to the industry and the consumers utilizing Alternative Financial Services products. Uncover new data on payment behavior, credit utilization and quality, and consumer stability for those individuals using products like short-term loans, pawn shops, payday loans, rent-to-own and beyond.
Discover how traditional lenders can benefit from these data insights, as well as what it reveals about subprime consumers.
This report offers granular data on a vast number of different consumer insights that will allow you to build the foundation for a successful lending strategy and create benchmarks needed to improve your financial inclusion efforts, prospecting, risk management and more.
New insights from Cornerstone Advisors dive into the need for financial institutions to leverage automation, expanded data and machine learning in order to be successful amid economic uncertainty.
Unpack AFS Q2 Trends: Inquiry volumes slow and delinquency rates drop.
Experian’s Clarity Services holds the largest repository of expanded-FCRA data, providing deeper insights into millions of consumers that traditional data alone can’t provide. Each year, we study this ever-changing industry and compile the findings into a robust report that lenders can’t find anywhere else — the Alternative Financial Services Lending Trends report.
In this report, Experian® data scientists and analysts take a deep look at one of the most popular lending products in the industry, the unsecured personal loan. Our team offers key insights into the consumer credit landscape and analyze trends on this emerging and important industry segment using historical data from August 2018 to December 2022.
Discover actionable insights for risk management and benchmarking and make more informed decisions.
The Spring report contains several insights on small business performance including - delinquencies are rising for small businesses across regions and products, and businesses are making decisions about how they repay debt. The economy will slow in 2023, and consumer and small business credit health and spending behavior will adjust to the new reality. Cashflows will be tested in industry segments focused on home-based work/life as the labor force returns to the office, but some businesses require hybrid work schedules to encourage collaboration and a more connected work environment.
Subscribe to this quarterly report here or follow our full suite of quarterly insights on our Commercial Insights Hub.
Small businesses are struggling to access inventory, components, and staff due to the pandemic's impact on the supply chain. However, emerging small business growth has been explosive during the pandemic, with businesses adapting to the high demand, low supply market by focusing on digital experiences. Small businesses are also focusing on diversity, equity, and inclusion initiatives to create a more inclusive small business ecosystem. Subscribe to this quarterly report here or follow our full suite of quarterly insights on our Commercial Insights Hub.
Explore state-level and industry-level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Join us for the latest updates regarding the macroeconomic forecast and regional trends. Our experts will conduct a deep dive into changing trends as a result of COVID-19, featuring all-new data and implications.
Explore state-level and industry-level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Explore state-level and industry-level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Experian begins a new chapter with the release of the Q1 2022 Main Street Report through our collaboration with the leading economists at Oxford Economics. During Q1, small businesses kept average commercial loan balances healthy and stable. At the same time, moderate delinquency inched up but remained low overall as business and consumer travel returned to form, offering major tourist destinations a boost.
Join us for the latest updates regarding the macroeconomic forecast and regional trends. Our experts will conduct a deep dive into changing trends as a result of COVID-19, featuring all-new data and implications.
Explore state-level and industry-level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Join our industry experts as they discuss national economics and credit trends and housing and auto sector trends as of March 2022.
Explore state-level and industry-level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
The fourth quarter of 2021 enhanced the pressure felt by small businesses as the largest wave of COVID-19 hit the US. In addition to the effects of pandemic outbreak of labor and consumer engagement, an inflationary surge, largest increase since 1982, coupled with pandemic-related supply-and-demand imbalances, weighed heavily on US small businesses along with a notable impact to consumer sentiment.
Although workers were getting raises in the currently tight job market, rapid price increases are eroding consumers’ earning power. Average wage earnings went up by 4.0% in Q4 ’21 vs. the previous year, yet a 7.5% increase in inflation results in a net decline in real earnings. Workers’ money is not going as far as it used to. Rising wages, however, put pressure on businesses’ payrolls who may be forced to pass those costs to consumers.
Explore state-level and industry-level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this report.
Explore state-level and industry-level data that banks, credit unions and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Join our industry experts as they discuss national economics and credit trends and housing and auto sector trends as of December 2021.
In this white paper, Experian data scientists and analysts take a deep look and analyze trends for one of the most popular lending products in the industry: the unsecured personal loan. Read insider expertise on the state of the digital lending environment in the U.S., understand consumers demographics of the typical digital borrower and stay ahead of constantly changing market conditions.
Join our industry experts as they discuss national economics and credit trends and housing and auto sector trends as of November 2021.
Small business credit performance was mixed in the third quarter as businesses dealt with the COVID-19 Delta variant. Early stage delinquency rates rose modestly while late state delinquency and bankruptcy rates fell decisively. With daily COVID cases falling, demand for goods and services should rise in coming quarters. Downside risks are concentrated on the supply side with businesses struggling to hire workers and dealing with supply chain stress.
Watch this on-demand webinar for a discussion around market trends and how businesses are using AI to power their decisioning strategies.
Dive into this report for an in-depth analysis on COVID-19 economic scenarios as of October 2021 and what they mean for potential trajectories of the economy.
The report, featuring key insights from Mohammed Chaudhri, Experian Chief Economist, provides a deep dive on recent GDP data, trends, and forecast scenarios.
Join our industry experts to get the latest credit trends, data on economic drivers and the current outlook as of October 2021.
Join our industry experts to get the latest credit trends on originations, delinquencies and average balances and listen in for the latest data on economic drivers and the current outlook as of September 2021.
Explore state-level and industry-level data that banks, credit unions, and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Join our industry experts to get the latest credit trends on originations, delinquencies and average balances and listen in for the latest data on economic drivers and the current outlook as of August 2021.
Small businesses increased hiring for the holidays funded by credit while servicing their outstanding debts. The moderately delinquent balances for small businesses declined to 1.21 percent in the fourth quarter from 1.60 percent at the same time last year. Taxes are a rising issue for small businesses, but increasing concerns here did not dampen borrowing or hiring in the fourth quarter. The availability of credit has cushioned the blow of the pandemic for now and a third stimulus will help insulate small businesses from altered consumer spending patterns.
As some industries struggle to contain price increases and to survive in a post-pandemic world, others are thriving on the back of economic reopenings driving consumption. Reopenings and the release of pent-up demand for services is pushing up economic growth and powering an economic recovery that will be among the fastest in modern times.
In this Economic Scenarios report, Experian’s Chief Economist, Mohammed Chaudhri, lays out his mid-year forecasts for the path of the U.S. economy. The report delivers in-depth analysis on economic scenarios and how COVID-19 and other trends could impact our growth trajectory.
Download now to get the latest insight as of Q2 2021 on:
Explore state-level and industry-level data that banks, credit unions, and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Join us for the latest updates regarding the macroeconomic forecast and credit trends. Our experts will conduct a deep dive into changing trends as a result of COVID-19, featuring all-new data and implications.
Join experts from Experian® and FICO® as they provide insights into consumer credit risk trends and resilience strategies across the credit lifecycle.
Explore state-level and industry-level data that banks, credit unions, and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
As the path to recovery begins to unfold, identifying the insights necessary to navigate the post-pandemic world with confidence will be critical for financial institutions. In this webinar, we discuss the current economic outlook and holistic overview of topics that businesses of all sizes should consider.
The coronavirus pandemic has dramatically impacted consumers and businesses alike, but the beginning of the end is here. After over a year fraught with caution and closures, the U.S. economy is embarking on the journey to recovery and the post-pandemic world is emerging.
In this report, we track key economic indicators to examine the pace of recovery from the COVID-19 recession and analyze the impacts on the credit market in both the immediate and short-term future. We also examine the aggregate impact of payment assistance programs, describe five key types of fraud we’re watching and advise how to protect against them, and evaluate the growing value of tools, including AI/ML, alternative data, and employment verification.
Explore state-level and industry-level data that banks, credit unions, and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Join our industry experts to get the latest credit trends on originations, delinquencies, and average balances and listen in for the latest data on economic drivers and the current outlook as of May 2021.
Explore state-level and industry-level data that banks, credit unions, and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Dive into this report for an in-depth analysis on COVID-19 economic scenarios as of March 2021 and what they mean for potential trajectories of the economy – with all-new data for Q1.
The report, featuring key insights from Mohammed Chaudhri, Experian Chief Economist, provides a deep dive on:
Click the button below to download the report.
The recovery is gathering momentum as the better-than-expected vaccine rollout and latest stimulus plan pull forward the timeline for a return to normal. As we prepare for a year of growth, find out where our experts are focusing their attention and what risks could impact the economic trajectory.
Watch as Experian’s Chief Economist, Mohammed Chaudhri, and Advantage Economics’ Principal Economist, Joseph Mayans, explore the latest trends and implications for your organization during the recovery and for insights on:
In the K-shaped recovery since the COVID-19 recession, there are very different stories for consumers dependent on their trajectory. Some consumers are thriving while others need more support than ever – and both are in your portfolio today.
Download our new white paper to learn how to forge ahead in the K-shaped recovery with critical strategies to help differentiate your service to customers depending on their unique needs.
Join our industry experts to get the latest credit trends on originations, delinquencies, and average balances and listen in for the latest data on economic drivers and the current outlook as of March 2021.
The fintech industry is maturing and is itself entering into a rapid period of change, an evolution that was accelerated by the global financial crisis brought on by COVID-19. While the pandemic has created uncertainty, and for some an inability to conduct or generate business, a silver lining of COVID-19 might just be that it’s driving digital innovation across industries.
Learn more about the transformation of lending trends post-pandemic in this white paper.
It’s been nearly a year since the economic impact from COVID-19 first began, and while we saw the industry tighten
credit standards significantly – including increases in score cutoffs and other actions to add more caution to
underwriting decisions – it’s becoming more refined.
Explore the origination trends below for insight into how your consumers may be eager to act as 2021 continues.
Join our industry experts for the latest #insights to update your credit portfolio management strategies as they relate to COVID-19 and beyond.
Explore state-level and industry-level data that banks, credit unions, and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Join our industry experts to get the latest credit trends on originations, delinquencies, and average balances and listen in for the latest data on economic drivers and the current outlook as of February 2021.
Small businesses increased hiring for the holidays funded by credit while servicing their outstanding debts. The moderately delinquent balances for small businesses declined to 1.21 percent in the fourth quarter from 1.60 percent at the same time last year. Taxes are a rising issue for small businesses, but increasing concerns here did not dampen borrowing or hiring in the fourth quarter. The availability of credit has cushioned the blow of the pandemic for now and a third stimulus will help insulate small businesses from altered consumer spending patterns.
As the global health crisis nears its one-year anniversary, it’s clear it has caused a paradigm shift in the way we work, live and think. The pandemic also encouraged an acceleration of innovation and transformation across the mortgage industry while mortgage lenders navigated through one of the most unique lending environments of our time.
As we look ahead in 2021, it’s important to assess trends and strategies for mortgage transformation. Our complimentary eBook explores the answers to these questions:
What were the key trends that shaped mortgage in 2020?
What are the main hurdles lenders face in modernizing the mortgage process?
What should lenders focus on to accelerate their path towards the modern mortgage?
Explore state-level and industry-level data that banks, credit unions, and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Join Experian as we take a deep dive into legislative, regulatory, consumer and credit trends that will shape the mortgage industry this year.
Discover how the COVID-19 pandemic has affected utility consumers’ income and employment and the importance of offering continuous support to those in need.
Join our industry experts to get the latest credit trends on originations, delinquencies, and average balances and listen in for the latest data on economic drivers and the current outlook as of January 2021.
Explore state-level and industry-level data that banks, credit unions, and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Join our industry experts to get the latest credit trends on originations, delinquencies, and average balances and listen in for the latest data on economic drivers and the current outlook as of December 2020.
The COVID-19 economic crisis has drawn comparisons to the Great Recession a decade ago. However, while there are similarities in terms of high levels of unemployment and significant declines of economic growth, there remain substantial differences. In this white paper, we explore how banks and households have weathered the pandemic and what to watch for in 2021.
Experian and Oliver Wyman teamed up on a data-driven exploration to investigate how the economic measures have been used and the impact they have had on both the economy and credit landscape.
Explore state-level and industry-level data that banks, credit unions, and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
In the fourth session of Experian's Energy Symposium Series, our expert speakers discuss the different types of available generic and industry-specific risk scores, as well as modeled income options at the time of onboarding to ensure proper individualized treatment of all customers.
Watch this webinar for the latest updates regarding the macroeconomic forecast and credit trends as we head into Q4 2020. Our experts will conduct a deep dive into changing trends as a result of COVID-19, featuring all-new data and implications.
Explore state-level and industry-level data that banks, credit unions, and fintechs can leverage to track the downturn and be correctly positioned for the recovery in this monthly report.
Read our new report delivering in-depth analysis on COVID-19 economic scenarios as of October 2020 and what they mean for potential trajectories of the economy – with all-new data for Q4.
The report, featuring key insights from Mohammed Chaudhri, Experian Chief Economist, provides a deep dive on:
Small businesses have turned to borrowing to survive periods of prolonged slumping sales, in many cases from government programs offering loan forgiveness. This increased borrowing has masked rising delinquent balances, but such a solution is a short-term fix. Small businesses will need to find ways to generate revenue to keep their credit current. Defaults are expected to rise in coming quarters as forbearance programs expire and as customers are likely to change their priorities in the wake of COVID-19.
Credit strategy is a key technique used by leading organization to distinguish themselves in today’s competitive landscape. When it comes to credit risk, it’s no longer enough to be a gatekeeper. You need to be a strategic advocate.
As the speed of change increases, organizations need tools, techniques and new approaches to help them manage customer decisions. Download our white paper to learn how to make enhanced customer decisions that support your strategic goals, so you can achieve and sustain significant growth and profitability.
Clarity Services, a part of Experian, provides valuable alternative credit data to alternative financial service providers. Clarity’s alternative data gives lenders a more complete picture of nonprime applicants, so they can make better and more informed decisions.
This report is packed with five years of Clarity data and enhanced with additional insights from Experian’s national credit bureau. From market trends to changes in loan characteristics, the data inside will leave you more informed of the nonprime market than you’ve ever been before.
Download our latest white paper to learn more.
Leading economists from Moody's Analytics and experts from Experian provide a deep dive into the Q4 Experian/Moody's Analytics Main Street Report credit insights. Ryan Sweet, from Moody's provides an initial assessment of the impact of Coronavirus on the economy, and Derrek G. McCrank provides an overview of regional credit conditions. Brodie Oldham, Experian's Senior Director of Analytics Consultancy closes by sharing Experian's perspective on how small businesses are fairing.
Rising customer expectations, advancements in AI and machine learning and generational shifts are paving the way for banks and credit companies to see a complete transformation. But what does this transformation look like?
Download our eBook and get Experian’s perspective on the future of banking and credit cards.
It’s time to close the CECL readiness gap. Current expected credit loss, or CECL, will effect the biggest change in accounting standards in a generation. Lenders must be able to show that, in the event of a financial crisis, their books will prove to be in good shape.
This white paper will help during your CECL implementation project and beyond.
As a mortgage lender, it’s important to reach the right customers at the right time. Vantage West Credit Union leveraged Experian’s Prospect TriggersSM to identify and target qualified consumer in the market for credit, leading to an additional $18 million in funded mortgages.
Learn how this Arizona-based credit union targeted credit-active prospects in this case study.
Washington State Employees Credit Union (WSECU) leveraged Experian’s Advanced Prequalification solution to provide members with instant credit decisioning through their online banking platform. Within three months of implementing a digital prequalification process, the member-powered credit union’s loan and credit applications increased by 25%.
Discover how Advanced Prequalification helped WSECU in this case study.
Fintech is now synonymous with constant innovation, agile technology structures, and being on the cusp of the future of finance—fintech challengers; companies who are disrupting existing financial models by leveraging data, advanced analytics, and technology. These challengers have since inspired traditional financial institutions to either emulate or collaborate. Learn how fintechs are faring against traditional FIs with this must-have eBook.
Clarity Services, a part of Experian, provides valuable alternative credit data to alternative financial service providers. Clarity’s alternative data gives lenders a more complete picture of nonprime applicants, so they can make better and more informed decisions.
We analyzed the trends and financial behavior of nonprime consumers by looking at application and loan data in Clarity’s specialty credit bureau from 2014 through 2018. A study sample of more than 350 million consumer loan applications and more than 25 million loans was created and leveraged to evaluate market trends during this period. Data from Experian’s national credit bureau was also used to help profile consumers.
Download our latest white paper to learn more.
Reasonable effort should be made to report consumer credit data. The data ecosystem depends on this free flow of information, but ultimately, the consumers depend on the data furnishers and NCRAs to appropriately record and maintain their complete credit performance. With an expert team and a data accuracy rate of 99.9%. Experian is a credible and quality data source.
Download the perspective to learn more.
Lenders need to target and retain the most lucrative consumers to expand their portfolios. Balance transfers represent a critically important revenue lever in the market. By understanding the drivers behind transfers and improving response rates through propensity modeling, you can develop a strategy to target and retain optimal balance-transfer candidates – those who will deliver returns with minimal risk.
Download the perspective paper to learn more.
A single point in time or “snapshot,” of a consumer’s risk profile is insufficient to make credit decisions. “Trended” consumer views provide the information required to redefine static lending approaches and create a breakthrough strategy that will deliver profit. By leveraging trended data, lenders can quantify and characterize consumer behavior, which provides robust views of the consumer that can drive new and innovative strategies.
Download the perspective to learn more.
Experian Commercial Data Sciences analyzed 3.1 million commercial entities from June 2016 to June 2018. We focused our research on approximately 2.8 million of those entities with either a male-owned or a female-owned designation. In this talk, Analytics Consultant, Andrew Moore, presents the results of our research.
Experian and Moody's Analytics experts present insights from the most recent Experian/Moody's Analytics Main Street Report for Q1 2019.
In this 15-minute session, Analytics Consultant Emily Garrett will walk through some examples on how alternative data can make a big impact in your business, including how to:
Small businesses brushed off a government shutdown as stock markets recovered and income gains remained steady in the first quarter of 2019. Delinquency rates remained mostly stable, with pockets of weakness spread out among regions and industries, notably agriculture in the Great Lakes and manufacturing in the Southwest. Small firms seem to have simply shrugged off the first-quarter headwinds and continued with business as usual.
The fourth quarter capped a second year of solid performance and growth for small-business credit, but there are signs that the period of moderation experienced during the past two years is over. Since the government shutdown has the potential to throw small-business lending a curveball in the first half of 2019, the outlook for small-business credit is neutral. Conditions were positive in the fourth quarter, but this may not last long. Delinquency rates remained mostly stable, with pockets of weakness spread out among regions and industries, notably construction in the Plains. In addition to the 35-day shutdown, rising interest rates, destabilizing trade policy and slowing home-price growth are potential trouble sources that are already starting to impact some regions.
Experian and Moody's Analytics experts present insights from the most recent Experian/Moody's Analytics Main Street Report for Q3 2018.
The overall outlook for small-business credit is positive, but some industries such as construction have a negative outlook. Outstanding balances rose in the third quarter, as did the average balance per business. Delinquency rates are stable around their current levels, but this could change quickly if risks mount for certain industries. Continuing strength in the economy should keep small business credit performance in check through the fourth quarter and early next year. Rising interest rates, destabilizing trade policy, and slowing home price growth are potential sources of trouble that are already starting to impact some regions.
This paper will look at the evolving expectations of credit union borrowers — who demand personalized products and offerings — and ways to satisfy those expectations. We will introduce how a multidimensional view of the member lets credit unions segment more accurately, which can drive product and service design, improve data-driven decisioning, and tailor communications strategies. And we’ll walk through tips for designing and deploying an effective strategy using integrated decisioning.
Experian and Moody's Analytics experts present insights from the most recent Experian/Moody's Analytics Main Street Report for Q2 2018.
The overall outlook for small-business credit is positive. Outstanding balances rose in the first quarter, as did the average balance outstanding per business. Delinquencies were down and default rates rose slightly, suggesting that credit conditions have peaked as the economy is in a late-cycle expansion. Continuing strength in the macroeconomy will keep small-business credit moving in the near term, along with higher profits from the recently passed tax legislation. Small-business credit will be less certain in the medium to long term as rising wages, interest rates and changes to the tax code take a toll.
Student loan debt has been increasing year-over-year since the 1990s. Experian Commercial Data Sciences is monitoring the effect student loans have on small-business creation and survival. This paper examines whether or not student debt is hampering the ability to open new businesses and keep them open
Experian and Moody's Analytics experts present insights from the most recent Experian/Moody's Analytics Main Street Report for Q4 2017.
This white paper evaluates how price optimization not only delivers improved profitability, but also provides the business with a better understanding of the overall business performance. For many organizations, the real benefits are gained through improved operational and financial management and the ability to respond to changing economic and competitive environments more dynamically.
In response to increasing interest in the mining industry, Experian® completed a review of the coal, natural gas and oil/petroleum industries, along with their impact on small businesses. Depending on the region of the United States, fossil fuel mining is both increasing and decreasing. With the current changes in these industries, the impact on other industries ranges from an increase in new small businesses to an increase in delinquencies. To understand the nuances of the fossil fuel industry, Experian® conducted a further study on Kentucky, West Virginia and North Dakota was done to analyze the impact that industry changes have on the economy of individual states.
Experian and Moody's Analytics experts present insights from the most recent Experian/Moody's Analytics Main Street Report for Q3 2017.
The overall outlook for small-business credit is stable. Outstanding balances on small-business credit declined slightly in the third quarter, continuing a two-year trend. Delinquency and default rates were steady to declining, and business balance sheets continue to improve. Continued improvement in the labor market and economic growth bodes well for credit performance in the short term. Despite the overall optimism, pockets of localized weakness are developing and will warrant observation over the next few quarters.
Experian and Moody's Analytics experts present insights from the most recent Experian/Moody's Analytics Main Street Report for Q2 2017.
U.S. student loan debt now accounts for $1.4 trillion. Our latest Experian analysis dives deeper into this ever-growing burden, cutting the data into generational, state and consumer-level views. Download our infographic for the freshest numbers on student loan debt, based on 2017 stats.
Small-business delinquency rates experienced broad-based improvement in the second quarter. With job growth expected to continue, putting more money in consumers’ pockets, small businesses will continue to outperform in the short term. As performance on small-business loans and lines of credit improves, credit is expected to flow more freely as banks and other lenders compete for business. Although tax reform and infrastructure investment could provide an additional boost to small-business activity, consumer spending will be the driving force for small-business credit over the next quarter — and throughout the rest of the year. Read our blog post for more details.
Small businesses have varying credit needs which evolve as the business matures from inception to maturity. Experian sought to understand what kinds of credit these businesses needed at different stages of the business lifecycle and how lenders could best serve small business by offering right sized capital at the optimal time. The analysis involved a study of trade credit profiles for one million businesses between 2010 and 2016 and the results are surprising and compelling.
By watching this webinar you will learn:
Experian and Moody's Analytics experts present insights from the most recent Experian/Moody's Analytics Main Street Report for Q1 2017.
In the financial services universe, there is no shortage of players battling for consumer attention and share of wallet. Download our latest infographics to review our latest findings, revealing insights and stats on credit union members, as well as how credit unions are faring on various loan products in comparison to banks and online lenders.
This is the State of Credit Unions in 2017, exclusively presented by Experian.
Download Infographic!
If a new company has not yet established a credit history, many lenders turn to the business owner’s personal credit to evaluate risk. But does personal credit alone paint an accurate picture of a new business’s risk? Is there a more optimal way to determine how creditworthy a young company may be?
To find answers, Experian® randomly selected the credit files of 2.5 million U.S. small-business owners and compared them with the records of 1 million consumers. We then looked at the credit history of both groups, as well as key demographic data such as age, education and income. We also reviewed the number of open trades, delinquencies, bankruptcies and business survival rates. The results of this research are explained in this whitepaper.
The Experian/Moody’s Analytics Main Street Report brings deep insight into the overall financial well-being of the small-business landscape. Small-business credit conditions improved in the second quarter. With the exception of some specific segments, delinquency and bankruptcy rates declined. Sentiment among small businesses is positive, with 11 percent planning to increase employment and 26 percent considering additional capital investment. Despite some downside risks, the sectors remain stable and well-positioned for growth.
Home equity lines of credit (HELOCs) continue to be a popular lending product. While much emphasis is placed on origination, it is critical for banks and credit unions to additionally manage this product throughout the consumer lifecycle. Access this one-page checklist to discover six best practices for lenders to consider as they manage and optimize their HELOC portfolios.
While the mortgage meltdown tied to the Great Recession has passed, the peak of loans originating during that downturn continues to be monitored and assessed. Home equity lending was especially popular during the housing boom, and as the end-of-draw period trails, there is a great interest in consumer behaviors and repayment tied to these loans. This Experian analysis explores the spike in end of draw, as well as trends attached to originations and delinquencies.
To promote transparency and aid in model governance, VantageScore Solutions publishes validations results annually, along with updated odds/performance charts. This paper highlights the most recent validation results and also presents insights gleaned from a decade of credit score model performance validations.
The summer months mean consumers are hitting dealer lots to score their next set of wheels. For lenders, this season provides a great opportunity to maximize loan growth. This infographic shares the latest summer auto trends and how lenders can grow auto share.
A VantageScore study analyzes consumer score migration. A key question for lenders using credit scores is: How will future events impact a consumer's credit score? This study analyzes consumer credit score migration over time, and how lenders can take these migrations into consideration in order to optimize their decisioning.
Many Millennials have been slow to adopt credit, but are beginning to hit those milestone moments requiring them to seek particular financial services products. A "thin file" doesn't necessarily mean a "bad file," so how can lenders grow a thin-file candidate and assess credit worthiness as these individuals seek first loans and bank cards?
As a growing number of businesses and consumers across the U.S. are learning and adjusting to new EMV credit cards, many still question the impact EMV will have on protecting consumers and businesses from increasingly savvy and sophisticated criminal fraud rings. Join Experian and our panel of experts as we look at how businesses are faring one month into the EMV liability shift.
Watch the recorded version of our Q2 recap of the Experian-Oliver Wyman Market Intelligence Report, including a key focus on the current U.S. real estate market.
Watch an overview of consumer credit trends from the Q3 2014 Experian-Oliver Wyman Market Intelligence Report. Areas of focus include understanding consumer behaviors and trends that impact consumer credit decisions.
View a detailed overview of consumer credit trends from the Q2 2014 Experian¿Oliver Wyman Market Intelligence Report. We take an in-depth look at the real estate market, including whether the recent slowdown is a legitimate concern or simply a bump in the road to recovery.
View a detailed overview of key changes in the consumer lending environment. Topics include: consumer behaviors in the context of economic trends from real estate, banking and automotive as well as trends that impact consumer credit decisions in real estate, banking and automotive.
Get a recap of consumer credit trends from the Q4 2014 Experian-Oliver Wyman Market Intelligence Report, including a year-end review, understanding consumer behaviors and trends impacting consumer credit decisions.
Lenders must look even more frequently and much more closely at their loan portfolio and “dig in” to consumers’ behavior to set short-term portfolio management strategies.
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