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Consumers Prioritize Mortgage Payments Over Auto

Fico Collections

Home Blog FICO Consumers Prioritize Mortgage Payments Over Auto What are the drivers behind this mortgage and auto loan payment hierarchy behavioral shift and is it likely to be a lasting trend? Mortgage and home loan accommodations peaked at 9% in June 2020. Mortgage and home loan accommodations peaked at 9% in June 2020.

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Continuous Financial Education for Women Small Business Owners

Fico Collections

Tue, 02/18/2020 - 14:57. It should be noted that while a strong business credit profile could help qualify for better financing, many lenders will still check the business owners’ personal credit management before issuing a loan. Continuous Financial Education for Women Small Business Owners. by Joanne Gaskin.

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FICO Score 10, Most Predictive Credit Score in Canadian Market

Fico Collections

Tue, 07/02/2019 - 02:45. Interest rates in Canada increased notably in 2018, impacting consumers across the board, but particularly those with interest rate-sensitive products such as lines of credit, and variable rate personal loans and mortgages. FICO Score 10, Most Predictive Credit Score in Canadian Market. FICO Admin.

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Addressing Portfolio Risk in Economic Uncertainty: Part 1 (2022)

Fico Collections

Tue, 02/18/2020 - 14:57. Credit risk management veterans who responsible for consumer loan portfolio risk management through the Great Recession can recall managing the challenge of responding to swiftly changing borrower payment behavior and the resulting portfolio delinquency and default rate volatility during that time.

Lender 52
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Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data

Fico Collections

Saxon Shirley Fri, 05/20/2022 - 06:06 by FICO expand_less Back To Top Tue, 02/07/2023 - 19:10 As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem.

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TCPA Breaking News: The Sixth Circuit Sides With Marks, as the Supreme Court Readies to Step In

Burr Forman

July 29, 2020), the Sixth Circuit was faced with the same question posed in the Duguid case: What constitutes an automatic telephone dialing system (ATDS)? In Allan , the two plaintiffs had taken out a student loan serviced by the defendant. 02-278 (June 25, 2020), available at: [link]. [2] In Allan v. 19-2043 (6th Cir.

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What Does 2023 Have in Store for U.S. Credit Risk and FICO Score Trends?

Fico Collections

economy, the removal of medical collections data from consumer credit files, and the final outcome of the student loan forgiveness plan by the current administration. These include federal efforts to combat high inflation, a balanced housing market, the looming prospect of a recession in the U.S