Creative Business Decisions

06/10/2024

With Nav Prime™, the paid offering, you’ll get both personal and business credit scores* and Detailed Credit Reports from two leading business credit reporting agencies: Equifax® and Experian™, along with business credit scores Equifax® Business Delinquency Score® and Experian™ Intelliscore PlusSM V2.

If you're trying to build business credit, you may be wondering which services can help. Learn about Nav vs Credit Sesame here.

05/25/2024

“Delinquency and net loss metrics typically improve between January and April as borrowers use tax refunds to cure loan delinquencies,” Fitch said in a news release. “However, the seasonal boost this year has not been as strong as in previous years due to continued economic pressures on borrowers and greater outstanding ABS balances from weaker performing vintages and lenders with weaker collateral.”

Analysts reported on Thursday that performance continues to weaken, with delinquencies and losses trending higher and recovery rates falling.

05/24/2024

“We have seen delinquencies tick up in recent quarters, which is certainly something lenders need to follow closely. At the same time, the consumer credit market remains resilient given the compounding of relatively high interest rates and persistent inflation,” Raneri said. “The prevailing hope is that as long as unemployment figures remain relatively low, serious delinquency rates may stabilize.”

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05/03/2024

To keep yourself safe and avoid incurring a costly loss, you might want to consider a credit monitoring service. They can alert you of notable changes in your credit reports, shifts in your credit score and also provide identity theft protection and other features to safeguard your personal and financial data.

Credit monitoring services can safeguard you against costly identity theft and fraud. Let's take a look at the top credit monitoring services for you and your family.

04/18/2024

Aura offers identity theft and credit protection, along with features to keep your online activity secure. There are plans for individuals, couples and families that provide mostly the same benefits but for a different number of users and devices.

Aura offers protection from identity theft and financial fraud, as well as credit monitoring services and parental controls.

04/16/2024

'This trend could complicate the Federal Reserve’s efforts to effectively engineer a smooth landing because superprime consumers are still spending and borrowing while subprime consumers are finding it increasingly difficult to stay current on credit payments.'

More than one million more Americans are now considered 'subprime borrowers' compared to a year ago - as higher living costs have eroded credit scores.

04/15/2024

The subprime rate is inherently affected by migration of borrowers across credit score category and, over longer horizons, delinquencies and defaults could lead to credit score downgrades and move borrowers into the subprime credit one. Moreover, this analysis should not be read as suggesting that delinquency rates could not exhibit further deterioration over coming quarters.

The Federal Reserve Board of Governors in Washington DC.

04/13/2024

1.5 billion people around the world do not have access to the services of a bank or similar financial institution. These individuals are referred to as ‘unbanked.’ For the rest of us, less than one-half of the banked population are eligible for lending. To extend the ability of banks to issue loans, smarter credit scoring solutions are evident.

Explore the world of AI credit scoring and how it's transforming traditional credit scoring models. Learn about AI credit reports, AI score meaning, and more.

04/11/2024

Susan Fahy, chief digital officer at VantageScore, said: 'The tale of two consumers is becoming more pronounced.

'This trend could complicate the Federal Reserve’s efforts to effectively engineer a smooth landing because superprime consumers are still spending and borrowing while subprime consumers are finding it increasingly difficult to stay current on credit payments.'

More than one million more Americans are now considered 'subprime borrowers' compared to a year ago - as higher living costs have eroded credit scores.

04/05/2024

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A 650 credit score places you at the higher end of the fair credit score range (580-669). Learn more about what options you may have with a 650 credit score and ways you could improve it.

04/04/2024

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/PRNewswire/ -- VantageScore, a leading national credit-scoring and data insights company, today released its February 2024 CreditGauge, a monthly analysis...

02/19/2024

FICO is best known for its credit scoring model, but it also has an algorithm to calculate insurance scores. It considers five factors, each assigned a different weight in determining your overall score.

An insurance score is calculated using a lot of the same information as your credit score.