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Experian Releases a New Credit Score Aimed at Non-Prime Borrowers
The ranks of thin file consumers continues to grow in this country. According to Experian these consumers now number 25% of the total U.S. population. These are people with five or fewer items in...
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LendUp Splitting Personal Loans and Credit Card Businesses
One of the companies the LendIt Fintech team has always held in high regard is LendUp. They are tackling a difficult problem, access to credit for the underserved, by leveraging the latest technology....
View ArticlePodcast 292: Ken Rees of Covered Care
The underserved are having a moment. And it is about time. There are more fintech companies targeting the non-prime community than ever before with better and less expensive products. The revolution...
View ArticleLendIt Forum: Investor Opportunities in Non-Prime Lending
The Lendit Forum will feature Aaron Peck from Monroe Capital and Tim Ranney from Clarity Services; the speakers will discuss the profile of non-prime borrowers and where the best investments are in the...
View ArticleWebinar Today: Investor Opportunities in Non-Prime Lending
LendIt will be hosting a webinar today at 2:00 PM EST; the Lendit Forum will feature Aaron Peck from Monroe Capital and Tim Ranney from Clarity Services; the speakers will discuss the profile of...
View ArticleForum Replay: Investor Opportunities in Non-Prime Lending
The LendIt Forum replay for Investor Opportunities in Non-Prime Lending is now available; the webinar discussed the non-prime investment space including details on the profile of non-prime investors...
View ArticleEnvestnet|Yodlee Releases Risk Insight Suite for Credit Analytics
Lending data solutions provider Envestnet|Yodlee has released Risk Insight Suite; Risk Insight Suite builds on the firm’s data aggregation and analytics capabilities, providing lenders with a broader...
View ArticleElevate Releases Study on Subprime Consumer Credit
Elevate’s Center for the New Middle Class has released a study showing subprime consumers are limited in their ability to utilize credit balances or borrow from their social networks; the Center’s...
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Throwback Thursday: Sasha Orloff on the Nonprime Lending Opportunity at...
Alternative credit underwriting and new data solutions for broadening credit underwriting have been emerging themes in recent quarters; the Consumer Financial Protection Bureau is currently...
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Data Reports Showing Increased Losses in US Subprime Auto Loans
In November 2016 the New York Fed reported on an increase in subprime auto loan delinquencies putting the sector on watch; a report from Fitch Ratings is now showing continued deterioration in the...
View ArticleMarketplace Lending Rates Rising for High Risk Borrowers
TechCrunch analyzes rates at marketplace lending platforms, identifying a trend towards increased delinquencies and borrowing rates for lower credit quality borrowers; platforms have been increasing...
View ArticleLend Academy Podcast: Episode 139: Marla Blow of FS Card
The CEO and Founder of FS Card talks about the challenges of creating a new credit card company for the underserved. Source
View ArticleDefault Rates of Subprime Auto Loans Higher than Financial Crisis
According to data from Fitch Ratings delinquency rates for subprime auto loans are at 5.8 percent, higher than the financial crisis; lenders have taken notice and are starting to lend less to these...
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