CoreLogic Launches Three-Bureau PreQual Solution for Automotive Dealers
The solution also helps dealers explain the process a consumer must follow to submit a loan application and the information a creditor will analyze to reach a credit decision.
Consumers Empowered to Boost Credit Score with Experian Boost
The program empowers consumers to add positive payment history directly into their Experian credit file for an opportunity to instantly increase their FICO Score.
Subprime Originations Roar Back, Protect Yourself
Over the past few years, concern grew that the auto industry was driving the next credit crisis with ever-increasing subprime loans.
Effective Ways to Capture In-Market Car Buyers Who are Looking to Purchase Now
We know that all dealerships are not created equal when it comes to helping consumers with subprime credit. Most dealers don’t have the lenders, inventory or knowledge to help these people.
The Benefits of Pulling Multiple Bureaus to Find the Best Deal for Your Customers
The point spread between credit bureaus can range from minimal (5-10 points) to well over 100 points. The average spread is between 40 to 50 points. So why do credit scores vary between bureaus?
Trigger Leads are an Effective Way to Capture In-Market Car Buyers Looking to Purchase Now
We know that all dealerships are not created equal when it comes to helping consumers with subprime credit. Most dealers don’t have the lenders, inventory or knowledge to help these customers.
Tax Lien, Civil Judgment Data Could be Removed From Credit Scores; Decision Shines Light on Need for Accurate Reporting From the Legal System
Earlier this month, Experian, Equifax and TransUnion announced they will remove some tax lien and civil judgment data from credit reports starting around July 1.
Credit Information Emerges as Important Informational Tool to Drive Incremental Sales
The auto industry has done well the past eight years. Since bottoming out at approximately 10.4 million in new vehicle sales in 2009, the industry has attained an average annual growth rate of 7.6 percent for new vehicle sales. The near-decade momentum, which culminated in approximately 17.46 million new vehicle sales in 2017, meant growth came much easier than normal for most automotive retailers.
