Questions are the Answer for Millennials in Auto Finance

Millennial Car Buying

The next generation of car buyers is walking through showroom doors with mounds of student debt and thin credit files, making creditworthiness particularly challenging to discern. For dealers looking to better serve the swiftly growing millennial market, Equifax’s resident auto marketing expert Jenn Reid recently shared practical advice with Car Biz Today on how to help align this growing customer base with the [Read More...]

Keep Customers from Selling Themselves Short

dream car

A common misconception in auto lending is that there’s a high propensity for customers to overstate their income. In reality, what Equifax has found is that around 25% of borrowers overstate their income while 75% actually under-report what they make. In either scenario, getting an accurate representation of employment and income data eliminates many uncertainties in the [Read More...]

November Mid-Term Elections – WOTC

vote election

As you may know, today, November 4, 2014, is voting day.  In this election cycle all 435 seats in the United States House of Representatives, and 33 of the 100 seats in the United States Senate are being decided.  After these elections, Congress will return to Capitol Hill and set about nominating and confirming committee [Read More...]

Temporary Protected Status – Extensions Announced

Temporary Protected Status - Exceptions Announced

Temporary Protected Status (TPS) may be designated for a foreign country when conditions temporarily prevent the country’s nationals from returning safely (among other reasons).  U.S. Citizenship and immigration Services (USCIS) may grant TPS to eligible nationals of certain countries (or parts of countries), who are already in the United States and/or eligible individuals without nationality [Read More...]

Equifax Participates at Jack Henry Banking Educational Conference

Business people walking at a conference

Equifax will participate at this year’s Jack Henry® Banking Educational Conference & Technology Showcase, October 20-23, 2014, in Grapevine, Texas.

Equifax Joins Top Lending Professionals at CUNA Lending Council Conference

CUNA Lending Council Conference Sponsor

Join Equifax at the CUNA Lending Council Conference, November 2-5, 2014.

HSPD-12 – Ten Years On

white-house

Homeland Security Presidential Directive 12 (HSPD-12), signed by President Bush on August 27, 2004, was originally enacted to address the wide variety and differing security levels of identification credentials used to access secure facilities. The directive established standards for verifying an individual’s identity and issuing a tamper-proof credential that could be rapidly authenticated electronically. The [Read More...]

Subprime Vehicle Financing at a Seven-Year High

vehicle financing

SubPrime Auto Finance News recently published an article regarding the surge in subprime vehicle financing.  In fact, the numbers for March 2014 came in at $13.1 billion, higher than any single month for the past seven years.  But while the total dollar amount is at historic highs, the average amount per subprime loan came in [Read More...]

Marketing Profitability Gets a Boost With New Analytics Tools

Marketing profitability can rise with the help of more precisely targeted tools.

In a time of slim profit margins, every advantage counts when trying to boost marketing profitability. Here’s what one credit card company did for theirs.

Home Finance: Write-Offs Decrease by More Than 37 Percent

Home finance deliquencies have seen big improvement year-over-year.

The latest Equifax National Consumer Credit Trends Report is out, and it is full of good news about lower home finance delinquencies.