Credit bureau also noted that auto loans are consumers' top payment priority in good times and bad.
Credit use focus of upgraded reporting capability.
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.
Consumers have returned to payment patterns that were typical before the Great Recession, according to one of the three nationwide credit reporting bureaus.
Return to pre-recession payment pattern noted by credit bureau.
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.
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...
National delinquency rate at 0.8% in second quarter, credit bureau says.
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.