3 Strategies to Qualify Customers for Car Subscription Programs

One of the most frequently asked questions when implementing a vehicle subscription program is identifying a proper risk model for underwriting subscription customers. This typically corresponds to two areas that need to be addressed before allowing customers into a subscription membership — driving history and creditworthiness. In this article, we will focus on credit underwriting. […]
  • Azarias Reda
  • September 21, 2018
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Why Lenders Should Take Advantage of Alternative Data

There was some variation in what data was considered alternative, according to FactorTrust’s Alternative Data Survey Results. Overall, the definition of alternative data was quite unanimous as “credit related data not found on the traditional three credit reports,” according to the June survey. For example, FactorTrust, LexisNexis, Clarity, TransUnion L2C, TransUnion TLO, Equifax, The Work Number (Verification […]
  • Huixin Deng
  • July 11, 2017
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The Warning Against ‘Aggressive’ Underwriting Goes Alternative

Times are good for lenders, but will an interest rate hike, expected later this year, or an economic downturn, end the party? Not if lenders stick to a solid foundation of smart underwriting. That was the message at the LendItUSA conference, a gathering of the alternative lending community that drew more than 2,400 attendees to […]
  • Phil Ryan
  • April 17, 2015
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