Experian report says customers of finance companies driving hike, while total dollar volume in auto lending at record high.
Auto loan balances up in every state in past year, according to TransUnion.
Read what a test credit union has to say about a new non-prime auto loan pilot program.
More than half respondents say auto loans present the best opportunity for growth. Credit executives say regulatory burden is their biggest growth challenge.
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.