The average bankcard balance per consumer rose to $4,359 in Q1 2012 – an 8 percent increase from the previous quarter. The increase resulted primarily from balance increases to VantageScore® A and B segments, which increased 31 percent and 11 percent, respectively.
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To maximize limited marketing spend, lenders will need to be more prescriptive to increase response rates on fewer delivered offers.
To improve results within the subprime space, lenders need to have a well-established pre-delinquent contact optimization approach. Read more!
We’ve entered a new era of loss forecasting. Previously built models are no longer sufficient for the changes in economic conditions due to COVID-19.
