Consumer credit data technology will build healthy scores in 2013

Adrian Nazari, Credit Sesame CEO, projects consumer credit data will be better managed by buyers in 2013 than ever before. His list of thoughts on the year ahead featured on The Huffington Post show a positive outlook for the credit industry and consumer finance world as a whole.

Good credit will soar in 2013
As mobile options become the go-to for consumers working to handle their financial information and habits, Nazari says personal credit management  will come more naturally to consumers, allowing those who have been confused and overwhelmed by this type of information in the past a means of better understanding where they stand.

"Consumers will demand more, and better credit data information," he says on The Huffington Post. "Technology tools that help them monitor their credit scores on an ongoing basis will become increasingly more valuable." Lenders catching on to new tech-related business outlets may find themselves with better profits as mobile use increases.

Already on the rise
It seems credit habits are already looking better at the start of the year, according to one consumer credit data company. The report, released January 31, claims roughly 1 million consumers brought their credit scores over 620 from lower numbers at the end of 2012.

"We are seeing a trend of consumers being careful and disciplined about their use of existing credit while also being cautious about using new accounts they have opened," the company's president said. Consumer credit data businesses should see positive trends as good spending habits become the norm.

The survey says people who score less than 620 can have difficulty obtaining loans and other types of alternative credit, which hurts the industry all-around.

The downside of tech 
While technology is certain to benefit consumers, it also poses threats to healthy credit. Another agency focused in consumer credit data revealed today a survey they conducted found the majority of online shoppers expect and depend upon immediate, person-to-person help with purchases when necessary. The source cites social media as a reason consumers expect such attention even over intangible means of business.

The company's corporate communications manager says the volatility of internet culture is producing more demanding customers - people who want direct interaction. If online shopping networks are able to implement this effectively, it could cause a boom in spending and become a hurdle for the credit industry to overcome.

Overall, Nazari says, 2013 will bring stability to personal finance and credit, which means good business for the debt collection and credit industry.