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.
Filene Research Institute gets Del Norte, Dupaco Community involved in i3 project.
An increase in delinquencies among subprime borrowers has been the primary driver behind a rise in the national auto loan delinquency rate.
For some credit unions, the recipe for high auto loan volumes is a mix of strong relationships with dealers, fast response times and a dedicated staff.
According to a new survey from TransUnion, credit union executives believe auto loans will be their biggest opportunity to grow their loan portfolios this year.
Survey at GAC finds more than half of respondents saying auto presents greatest loan growth potential.
Thanks to increasing competion among data analytic firms, more consumers than ever before will have credit scores.
When it comes to underwriting consumer loans, some community development credit unions have found success by looking at other factors besides credit scores.
The ratio of borrowers that are 60 more days past due on their auto loans continue to remain at near historic low levels, TransUnion says.