Remove Collections Remove Consumer Credit Remove Personal loans Remove Retail
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Q1 Industry Insights: Consumers Will Consume, Lenders Will Lend, Delinquencies Will Rise

True Accord

Add these all together and the financial outlook for consumers, especially those in debt, is scary. For one, the consumer credit market is looking strong with signs of expansion, specifically, originations for credit cards and personal loans are increasing. But there are silver linings, as well.

Lender 58
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BNPL in Credit Reports: How Could This Data Impact FICO Scores?

Fico Collections

According to the research from Cornerstone Advisors , these point-of-sale short-term installment loans with low credit amounts have been increasing in popularity during recent years for retail purchases like clothing, household goods, electronics, and more.

Loans 98
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Inflation Causing Rise In Card Debt And Consumers Living Paycheck To Paycheck

Collection Industry News

Credit Card, Personal Loan Delinquencies Expected to Surge in 2023. The company’s 2023 Consumer Credit Forecast released Wednesday projects serious credit card delinquencies will climb to 2.6% The way BNPL providers make money is by charging retailers.

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Average U.S. FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises

Fico Collections

As the independent standard in credit scoring, FICO® Scores are the leading credit scores used extensively across the lending ecosystem ranging from originations, underwriting and account management to collections and asset-backed securitization. Ethan has a B.S. in management science/operations research from UC San Diego.