Alternative Consumer Credit Data Plays an Important Role in Financing
Oct 12, 2020 MicroBilt News
The year 2020 is one that will live on in infamy long after the chaos of global pandemic and the financial fallout of a nation shutting down for several months have passed. We’ve learned a lot during that time, including the importance of alternative consumer credit data for painting a clearer picture of someone’s “creditworthiness.”
Alternative Data as a Means for Making Credit Decisions
Oct 25, 2019 MicroBilt News
A 2017 report from the Consumer Financial Protection Bureau (CFPB) maintains that an estimated 44 million Americans have little to no credit profile. This lack of credit can make it impossible for consumers like this to gain access to traditional credit opportunities.
Millennials: The leasing generation
Jan 09, 2019 Walt Wojciechowski
Based on data compiled by Edmunds, millennials have a love for leasing.
How Could Trump's Regulatory Reform Impact Consumer Lending? Part Two
Jan 09, 2019 Philip Burgess
In Part Two of this series, we'll make an attempt to determine how Trump's executive orders will impact consumer lending.
What You Need to Know About Fintech Lending Platforms
Jan 02, 2019 Philip Burgess
Now that consumers have access to powerful economic management tools, they’re better equipped to understand the impact of their decisions and maintain their own financial well-being.