BECU reprices outstanding consumer loans yearly
To improve customer loyalty, BECU automatically rescores and reprices outstanding consumer auto loans yearly if a consumer shows consistent payment ...
Tag: credit scores
Credit scores got a boost in pandemic but lenders should be wary
The jump that many Americans saw in their credit scores over the past three years may be painting too rosy ...
Strategy Upshift: It’s time to rethink the FICO score
Since being introduced in 1956 by engineer Bill Fair and mathematician Earl Isaac, the Fair Isaac Corporation’s (FICO) scoring algorithms ...
How Prestige Helps Borrowers Move Up the Credit Ladder
Borrowers need to know the importance of on-time payments, and what it can do for them, so that lenders won’t have ...
Underbanked Are Not Always Subprime, FactorTrust CEO Says [VIDEO]
An underbanked consumer is not necessarily a subprime consumer, according to FactorTrust Chief Executive Greg Rable. “Ultimately, with the underbanked, ...
Lenders Beware of ‘Scary Deals,’ Western Funding President Warns
If the auto finance industry continues to see deteriorating conditions like rising LTVs and lengthening loan terms, things could be ...
Credit Tiers — and Their Yields — Defined
For any entrepreneur considering the auto finance sector, the options can seem daunting. Is the prime sector best? Maybe the ...
Tools for Helping Consumers with Their Credit Scores
A borrower's deal often boils down to her credit score. This matters because lender marketing often hinges on that score, too. ...
