Credit bureau also noted that auto loans are consumers' top payment priority in good times and bad.
Lenders are always challenged with finding innovative ways to grow their portfolios. As the appeal of broad-market direct marketing dwindles in our highly competitive marketplace, lending institutions are moving to more-targeted acquisition strategies by leveraging a deeper understanding of a member’s lifetime value.
Credit reporting firm TransUnion reported Aug. 13 that the ratio of credit card accounts that are more than 90 days past due dropped to 0.57% in the second quarter of 2013, down from 0.63% in the second quarter of 2012. That 0.57% is only one basis point from the all-time...
Credit cardholders who routinely pay only their monthly minimums present double the credit risk as those who pay more, even if only slightly more, according to a new study.
Second-quarter 90-day delinquent rate only one basis point from all-time record, credit bureau says.
Credit rater introduces the idea of the Total Payment Ratio, finds some partial and full balance card payers are better overall risks.
Lateness, card debt, up a bit nationwide.
Payment data analysis by TransUnion, a national credit reporting bureau, demonstrates consumers’ shift in loan payment habits, making auto loans the first major bill that gets paid each month.
First mortgages were king, then credit cards, now auto loans are top consumer payment priority, TransUnion Says.
Credit union executives planning credit card marketing and issuing strategies for 2012 and 2013 may want to factor a new study from TransUnion into their deliberations.