Remove category covid-19
article thumbnail

Personal Loans Statistics

Credit Corp

With the help of our research provider, Pureprofile, Finder surveyed 1,718 American adults in January 2021 to see how personal loans are being used in the US. of Americans, said they have taken out a personal loan in their lifetime. This is despite the fact that many lenders have made it more difficult to qualify for a loan.

article thumbnail

FICO Loan Origination Solution Awarded Best-in-Class

Fico Collections

We are thrilled and honored to be recognized by Aite Group as best in class and the overall rankings leader for our Loan Origination Solution. FICO’s Loan Origination Solution was also recognized as a category leader in: Client Strength. FICO Origination — A Loan Origination Solution You'll Never Outgrow. Client Service.

Loans 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Debt Collection Now and Post-Covid

Nexa Collect

Performance of Collection Agencies during Covid-19 Pandemic. During peak Covid-19 duration (May-Nov 2020) many states prohibited debt collection for several months. Collection levels will stabilize to normal levels only after the Covid-19 problem completely subsides. US economy before and during Covid.

article thumbnail

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. State Activities. Senate passed a $1.9

article thumbnail

Top 5 Customer Development Posts of 2020: COVID and Beyond   

Fico Collections

In this category, COVID-19 was a pressing topic but didn’t dominate the discussion as it did in the Debt Collection & Recovery category. Finding Business Opportunities From Covid-19. “Is Is COVID-19 ’the Turn’?” Five Things We Value More Because Of Covid-19.

article thumbnail

COVID-19 Banking Checklist: 5 Risk Recommendations

Fico Collections

Retail consumers, small and medium enterprises, and commercial entities are looking to banks for increasing levels of support and assistance, especially as government-introduced stimulus programs start to mature and expire around the globe. Here are our five recommendations for credit risk managers. Consider all your customer risk segments.

Banks 59
article thumbnail

Q1 Industry Insights: Consumers Will Consume, Lenders Will Lend, Delinquencies Will Rise

True Accord

For one, the consumer credit market is looking strong with signs of expansion, specifically, originations for credit cards and personal loans are increasing. And don’t forget pandemic-related medical expenses from Covid-19 testing and treatment. But there are silver linings, as well. Boiling This All Down.

Lender 58