Consumer Credit Education Lender Personal loans 
Fico Collections
AUGUST 16, 2021
It serves as a broad-based, independent standard measure of credit risk. It is relied upon by stakeholders across the entire lending ecosystem – from regulators, investors and boards to consumers, lenders, and brokers – as a baseline metric for assessing credit risk that is fair to both lenders and consumers. .
Collection Industry News
FEBRUARY 22, 2021
TransUnion ( NYSE: TRU ) confirmed that consumer credit activity keeps rising from the COVID-19 pandemic lows, but some areas like automobile loans (subprime) performance have lagged. Matt Komos , VP of Research and Consulting at TransUnion, stated: “On the surface, the consumer credit market is performing quite well.
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Titan Consulting
MAY 17, 2020
Rent, home payments, utilities such as gas, water, electric, and even things like cable or other on-time payment history can be used by credit bureaus to create a reliable credit score from which they can underwrite credit. What lenders use alternative credit data to grant credit?
Fico Collections
AUGUST 29, 2022
From April 2021 to April 2022, mortgage loan missed payment rates have remained stable likely driven by the continued home price appreciation and the higher payment accommodation rates for mortgage loans than those for bankcards and auto loans. Now, the average FICO® Score has leveled off during the second year of the pandemic.
Titan Consulting
MAY 10, 2020
The new FICO XD scoring model retrieves information from sources like the National Consumer Telecom and Utilities Exchange to collect data on payments to utility, cell phone service, internet, and cable television providers and uses the payment history data from these and other sources to build a credit score.
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