Post Tagged with: "Equifax"

Part II: Alternative Data Drives Auto Lending Growth

Part II: Alternative Data Drives Auto Lending Growth

Despite the potential benefits of alternative data, privacy concerns linger about how the data is collected and shared with lenders. Earlier this year, the Consumer Financial Protection Bureau (CFPB) announced that it is looking into privacy and security concerns surrounding the growing acceptance of alternative data and sought public commentRead More

Consumers Show Increased Appetite for ‘Cheap Finance,’ Report Finds

Consumers Show Increased Appetite for ‘Cheap Finance,’ Report Finds

Since the downturn, the combination of attractive lease deals, pent-up consumer demand, and easy credit availability have pushed sales higher, according to an industry report by White Clarke Group released last week. Light-vehicle sales in the U.S. have delivered seven consecutive annual gains since the financial crash — marking theRead More

Three Reasons to Follow Up on Lost Sales

Three Reasons to Follow Up on Lost Sales

A typical lender receives anywhere from five to 20 loan applications for every one contract. Experts say, there is a lot of valuable information that can be obtained from tracking those lost transactions. How did those loans perform? Did they default? What competitor ended up booking that loan? “There isRead More

Tools for Helping Consumers with Their Credit Scores

Tools for Helping Consumers with Their Credit Scores

A borrower’s deal often boils down to her credit score. This matters because lender marketing often hinges on that score, too. There’s an opportunity for auto lenders to be a more valuable resource to consumers who are seeking to better understand their credit scores and borrowing potential, even though few lendersRead More