Consumer Credit Government Lender Personal loans 
True Accord
MARCH 31, 2022
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. And lenders are happy to lend.
Collection Industry News
MARCH 19, 2024
“Growing debt balances, stubborn interest rates and elevated prices are still a thorn for consumers, and contribute to their overall financial stability,” explains TrueAccord CEO Mark Ravanesi in his Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover.
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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. .
Fico Collections
JUNE 30, 2023
auto, mortgage, personal loan) and lifecycles (e.g., In other words, even as the relationship between odds of repayment and score has shifted, the score has retained its powerful ability to distinguish repayment likelihood between low and high scoring consumers. originations).
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.
Fico Collections
OCTOBER 28, 2022
Information and data continue to be key tools at our disposal to better understand the dynamics of the last couple of years, and better navigate what lies ahead for the Canadian consumer credit environment. In this post, we have been citing trends and insights based on the latest FICO® Score for the Canadian market – FICO® Score 10.
Collection Industry News
MARCH 15, 2021
The DFPI continues to experience and respond to a more than 40 percent increase in consumer complaints, calls and inquiries since the onset of COVID-19 in the state. The DFPI is tracking all COVID-19 related complaints and reporting harmful emerging consumer trends to the enforcement division for investigation.
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