Resources

Resources tagged "Consumer Finance"

Maximize your remaining 2024 budget!

Looking for ways to add value to your business before December 31? An Equifax Portfolio Review is the perfect way to maximize any remaining funds in your 2024 budget. What is a portfolio review? A portfolio review provides updated credit scores and credit attributes so you can then have a full picture of your consumers’ overall credit […]

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The benefits of a credit lock vs. credit freeze

With Lock & Alert, your consumers are in control of their Equifax credit reports—which helps prevent delays during the credit application process. It’s a win-win for you and your consumers. And it’s totally free! Why lock? Locking an Equifax credit report is an effective way to help provide additional protection against unauthorized access and help […]

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Looking to streamline your notice requirements?

We offer comprehensive solutions for any disclosure need you might have. Whether it is delivering federally required disclosures, welcome letters, or other notifications, our Disclosure Fulfillment team brings customized solutions to fit any company’s needs—saving you time, money, and valuable labor resources. Our environment is platform-agnostic: Regardless of your core processing system or loan origination […]

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Timely live checks help meet consumers’ needs + increase loyalty

Back-to-school season is around the corner, and many of your consumers will take on additional expenses such as tuition, dorm room furnishings, laptops, school supplies, clothing, and travel. Help them put extra money in their wallets with preapproved live checks. An Equifax Prescreen delivers valuable, preapproved consumer prospects tailored to your credit profile criteria and helps you […]

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VantageScore stands poised to become the new industry standard

Want to experience the cost savings and innovation of the VantageScore credit model but unsure of its adoption in the market? Recent data helps answer that question. In 2023, VantageScore usage increased by 42% to a record volume of more than 27 billion credit scores. More than 3,400 unique banks, lenders, and other institutions used VantageScore last year, […]

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Top 5 reasons to squeeze a(nother) portfolio review into 2023.

Looking for ways to add value to your business before closing this year’s books? An Equifax Portfolio Review is the perfect way to maximize any remaining funds in your 2023 budget. What is a portfolio review? A portfolio review proactively screens the accounts in your portfolio against criteria that you select. This powerful tool can quickly provide […]

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Understanding consumer stressors is the key to protecting + growing your portfolio.

An increasing number of consumers are facing credit and financial stressors. What economic factors are causing this in your portfolio? For the past couple of years, consumer spending has been consistently healthy, but now retail reports are illustrating a shift in consumer spending, focusing more on essentials than on luxury items. Economic data shows that […]

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Upgrade to a newer version of FICO at no additional charge.

The credit landscape is constantly changing. Rising inflation, student debt repayment, and credit file and score model changes all affect who and how you lend money. But there’s good news. You can upgrade your FICO® credit score model at no additional charge! This will help you stay ahead of potential risk and competition who may […]

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Student loan repayment may affect your business.

Source: The student loan crisis white paper, Shur℠, Equifax, and VantageScore®, July 2022. What will be the day-to-day impact on student loan borrowers in your portfolio? Do you know the balance of your consumers’ outstanding student loans? If not, you could—and should—find out. After more than a three-year pause, student loan repayment will soon restart. […]

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Stay ahead of losses in an uncertain market.

Sources: Equifax analysis; CNBC, July 13, 2022, and U.S. Bureau of Labor Statistics Price Index Summary;and “The student loan crisis” white paper, Shur, Equifax, and VantageScore®, July 2022. In uncertain times, businesses are inclined to pause certain business operations and may fail to uncover hidden risks while waiting for the perfect conditions to emerge. But you […]

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