Consumer Credit Archives

Auto defaults now sit 32 basis points higher than all-time low

Auto Remarketing – Perhaps your portfolio is experiencing a bit more turbulence, but overall auto defaults are just 32 basis points higher than the all-time low set a year ago. That metric surfaced on Tuesday when S&P Dow Jones Indices...

July 19, 2022

DecisioningIT named Top 50 Most Innovative Companies to Watch 2022

Automated Decisioning Automotive Finance Automotive Lending Consumer Credit Credit Approvals Digital Retailing F&I Non-Prime Financing Prequalification

DecisioningIT named Top 50 Most Innovative Companies to Watch 2022

Humans have been thriving on innovation since the dawn of time. Technology innovation was a game changer in human lifestyle, and we haven’t looked back since. With an array of technological solutions for almost every problem, technology began to grow,...

May 1, 2022

DecisioningIT Named Among 50 Leading Companies of the Year 2022 by The Silicon Review Magazine

Automated Decisioning Automotive Finance Automotive Lending Car Dealerships Consumer Credit Digital Retailing F&I

DecisioningIT Named Among 50 Leading Companies of the Year 2022 by The Silicon Review Magazine

Achieving a prominent position in the industry gives a company several advantages: pricing power, brand recognition, and a loyal customer base. A business should first aspire to lead its local markets before planning for worldwide industry domination. So what makes...

April 14, 2022

Financial challenges spur car buyer’s remorse, LendingTree, Credit Karma polls find

Automotive Finance Consumer Credit

Financial challenges spur car buyer’s remorse, LendingTree, Credit Karma polls find

Owners in $75,000-plus households struggle more with car payments than the average consumer JOHN HUETTER – Automotive News Financial concerns are a key component of a vehicle buyer’s remorse, Credit Karma and LendingTree polling revealed late last year. A November Credit...

February 9, 2022

Experian expands credit-building tools for consumers

Consumer Credit

Experian expands credit-building tools for consumers

By SubPrime Auto Finance News StaffCOSTA MESA, Calif. – Another initiative to help finance companies cater to consumers with little or no credit backgrounds recently surfaced; this time from Experian. In what the company said is meant to further financial inclusion...

January 31, 2022

Andre-Martin Hobbs shortlisted for Top 50 Artificial Intelligence CEOs of 2021

Automated Decisioning Automotive Finance Consumer Credit Digital Retailing F&I Non-Prime Financing Prequalification

Andre-Martin Hobbs shortlisted for Top 50 Artificial Intelligence CEOs of 2021

Technology Innovators – Artificial Intelligence CEOs Edition André-Martin Hobbs has developed cutting-edge technology in the field of automotive marketing for over two decades. A digital entrepreneur and a passionate race driver, André-Martin’s undying love for the automobile industry, coupled with...

December 17, 2021

Consider credit ‘soft pulls’ at start of sales process

Automotive Finance Car Dealerships Consumer Credit Credit Approvals F&I Non-Prime Financing Prequalification

Consider credit ‘soft pulls’ at start of sales process

JOHN HUETTER – Reporter covering the finance-and-insurance business and auto retailing for Automotive News Performing a soft pull on a customer’s credit at the start of the buying process can improve sales and reduce awkward conversations in the F&I office, according...

October 21, 2021

TransUnion: 18.7M consumers improved their credit scores while in hardship programs

Consumer Credit

TransUnion: 18.7M consumers improved their credit scores while in hardship programs

By SubPrime Auto Finance News Staff – Get the TransUnion “Determining the Risk of Bankcard Consumers Masked by Suppressed Delinquencies” report. Perhaps here’s something that both consumers and finance companies can take as a positive from COVID-19. Despite financial challenges...

October 20, 2021

3 Reasons Why Auto Dealers Will Need a Lending Solution Refresh in 2022

Automated Decisioning Automotive Finance Automotive Lending Car Dealerships Consumer Credit Credit Approvals Digital Retailing F&I Non-Prime Financing Prequalification

3 Reasons Why Auto Dealers Will Need a Lending Solution Refresh in 2022

VANCOUVER, BC / ACCESSWIRE / September 27, 2021 / Our world has been turned upside down in the past 18 months. As the pandemic swept around the globe it touched every single industry in some way. With quarantines, shutdowns, and lockdowns,...

September 29, 2021

Mixed trends within Cox Automotive’s financing indexes for August

Automotive Finance Automotive Lending Consumer Credit

Mixed trends within Cox Automotive’s financing indexes for August

ATLANTA – Cox Automotive’s newest updates of indexes that track auto financing showed mixed developments with regard to dealerships being able to get their potential buyers financed and providers’ appetite to build portfolios. First, according to the Dealertrack Auto Credit Availability Index,...

September 16, 2021