Card delinquencies and charge-offs offer evidence of the struggles of meeting current obligations. They can also be a harbinger of spending slowdowns in the future. The latest data from credit card giants, disclosed in SEC filings in recent days, show that card delinquencies were on...
Consumers willing to try something new at checkout could boost their credit scores. This at a time when new findings in the report “New Payment Options: Why Consumers are Trying Digital Wallets,” done in collaboration between PYMNTS and Nuvei found that 52% of consumers, overall, tried a...
In lending, in determining whether credit is likely to be repaid by a borrower, the devil is in the details. What if the details are the wrong ones? In an interview with Karen Webster, Steve Allocca, president of LendingClub, said that traditional credit scoring —...
Starting a business in the United States requires being courageous, someone who embraces the idea of success as a long shot. In fact, to be a successful entrepreneur, it is probably best to be the sort of person who ignores the odds entirely. That’s because...
January 24, 2020
In lending, in determining whether credit is likely to be repaid by a borrower, the devil is in the details. What if the details are the wrong ones? In an interview with Karen Webster, Steve Allocca, president of LendingClub, said that traditional credit scoring — such as through the FICO credit score — misrepresent creditworthiness […]
February 18, 2019
Starting a business in the United States requires being courageous, someone who embraces the idea of success as a long shot. In fact, to be a successful entrepreneur, it is...
August 25, 2017
There isn’t much that can be said about the “average” American credit user in 2017 because, as it turns out, there really isn’t one. According to market research provider Gallup’s...
March 14, 2017
About half of all Americans who took the SAT still remember their score 25 years later. Only about 40 percent of Americans, on the other hand, have any idea what...
December 19, 2018
Experian has announced the launch of Experian Boost, a free online platform that allows consumers to potentially boost their credit scores in an instant. Through the platform, consumers can allow Experian Boost to connect to their online bank accounts to access utility and telecommunications payments. After the date is verified and a consumer confirms it […]
