2020 08 Loans Related Topics 
Collection Industry News
SEPTEMBER 2, 2023
That’s more than triple the average amount of new debt households have taken on in that period since after the Great Recession of 2007-08. While those balances are rising, the average household has a bit less monthly credit card debt than it did before the coronavirus pandemic took hold in early 2020.
Fico Collections
AUGUST 29, 2022
Tue, 08/30/2022 - 12:00. Looking back to 2020, the average FICO® Score increased most notably for consumers with FICO® Scores between 550 and 699. For example, consumers with FICO® Scores between 550 and 599 saw a score increase of up to 20 points from April 2020 to April 2021. by Ethan Dornhelm. expand_less Back To Top.
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Katabat
APRIL 23, 2021
It was also stunning how rapidly loan loss reserves were built. In the 3 quarters from 4Q 2019 through 2Q 2020 industry reserves more than doubled, and in that time went from a generational low (1.15% in 3Q 2019) climbing to nearly 60% of the 2008 recession peak by mid-2020. Until it didn’t… and the world turned upside down.
Fico Collections
DECEMBER 8, 2022
Tue, 02/18/2020 - 14:57. Thu, 12/08/2022 - 16:00. The sudden COVID-19-driven global economic disruption that began early in 2020 provided a sharp reminder of the industry's ongoing need for insights into latent portfolio risk. FICO Admin. by David Binder. Senior Director, Scores. expand_less Back To Top.
Fico Collections
AUGUST 16, 2022
Tue, 08/16/2022 - 15:30. The key is how these macrolevel measures impact individuals’ finances – all consumers are paying higher prices at the grocery store and gas station, but not all cash strapped consumers are shopping for loans or carrying large amounts of debt. lower than it was in January 2020. higher than June 2020.
Fico Collections
AUGUST 18, 2022
Wed, 09/09/2020 - 15:36. Thu, 08/18/2022 - 08:40. Financial Wellness: How Banks Can Help Their Customers. What can banks do to assist consumers with their financial health – and can this be profitable? expand_less Back To Top. Financial wellness is a complex topic with many layers.
Fico Collections
DECEMBER 8, 2022
Thu, 12/08/2022 - 16:00. Impressively, the Federal Reserve reported Q1 2022 delinquency rates on all consumer loans of 1.63% , one of the lowest marks in the 35+ years it has been tracked. 1 “Delinquency Rate on Consumer Loans, All Commercial Banks.” Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022).
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