Report
Report
Published June 5, 2024
Alternative Financial Services Economic & Market InsightsDiscover invaluable insights with Experian Clarity Services' 2024 Alternative Financial Services Lending Trends report. This exclusive report reveals trends and consumer behaviors, from market size to loan performance. Equip yourself with the essential information to plan effectively and stay ahead.
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The latest Experian Commercial Pulse Report reveals a complex but fascinating picture of the U.S. economy and the small business landscape. According to Javier Rodriquez-Paiva’s research, while headline indicators suggest moderation, like slowing inflation and a steady unemployment rate, beneath the surface, disparities in recovery and credit performance continue to deepen.
Check out the full report to see how these trends could impact your strategy!
If we go into a recession, what does it mean for lending activity? What does it mean for delinquency? As banks, credit unions and fintechs grapple with these questions, sometimes it helps to look to the past for guidance.
In this latest Macro Moment, take a quick look back at prior recessions and their impact on unemployment, delinquency, and loan growth. Key insights include:
Standard credit scores overlook crucial financial behaviors, leaving 62 million U.S. consumers that are thin file or credit invisible without a score.
With alternative data, lenders can:
Download our report for insights into the major financial milestones your consumers are facing including: