The strongest growth in new bankcard accounts is occurring in the near-prime and subprime segments of VantageScore® C, D and F. Year-over-year (Q1 2011 over Q1 2010) growth rates of 20 percent, 46 percent and 53 percent were observed for each of the respective tiers.
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Source: Experian-Oliver Wyman Market Intelligence Reports
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.
