There are 53 million reasons why developing new underwriting models benefit credit unions.
CFA and VantageScore find consumers know more about their scores but don't appreciate their impact on finances.
New scores will include data from property records, utilities and telecommunications firms.
Equifax reports auto loans at an all-time high at $975B in 2014.
Credit data firm will make scores available to those who sign up for credit tracking services.
Tool tracks applicants who did not receive credit union loans to find out where they financed.
Delinquencies at all-time low representing less than 1% of total outstanding balances.
Credit reporting agency credits lenders' risk assessment, portfolio management and credit availability for record numbers of auto loan originations.
As the prices for new and used cars edge higher, more consumers are opting to ride off the dealership’s lot in a leased vehicle.
In another effort to drive in more business, some auto lenders, including credit unions, may be more willing to be flexible with credit-challenged consumers.