Credit Unions
by February 27, 2013,
Credit Unions
Last January, I published an article in the Credit Union Journal
covering the trend among banks to return to portfolio growth. Over
the year, the desire to return to portfolio growth and maximize
customer relationships continues to be a strong focus, especially
in mature credit markets, such as the...read more
by January 22, 2013,
Credit Unions
All skip tracing data is the same, right? Not exactly. While there
are many sources of consumer contact data available to debt
collectors, the quality, freshness, depth and breadth can vary
significantly. Just as importantly, what you ultimately do or don't
do with the data depends on several...read more
by December 20, 2012,
Credit Unions
In my last post, I covered the importance of using quality credit
attributes to gain greater accuracy in risk models. Credit
attributes are also powerful in strengthening the decision process
by providing granular views on consumers based on unique behavior
characteristics. Effective uses include...read more
by December 6, 2012,
Credit Unions
Research shows that investing in superior customer management
easily can exceed returns of 20 percent in the first year of
implementation. A return that compounds in subsequent years
as a results of customer-centric strategies that drive customer's
loyalty, new customer referrals, and increased...read more
by December 3, 2012,
Credit Unions
As building blocks to any predictive model development, it goes
without saying that the better the predictive variables, also known
as attributes, the more accurate the predictions. For many
predictive analytic modeling shops, attributes are a key
differentiator to model performance versus the...read more
by October 31, 2012,
Credit Unions
It comes as no surprise to anyone that cell phone usage continues
to rise, while at the same time the usage of wire lines, or what
used to be affectionately known as POTS (Plain Old Telephone
Service), continues to decline. Some recent statistics,
supplied by the CDC show that: 34% of all households...read more
by October 24, 2012,
Credit Unions
As the economy recovers from the recession, consumers are becoming
more responsible with their credit card usage; credit card debts
have not increased and delinquency rates have declined. Delinquency
rates as a percentage of balances continue to decline with the
short term 30-59 DPD period, now at...read more
by October 15, 2012,
Credit Unions
Part 2: Common myths about credit risk scores and how to
educate consumers In light of what I've heard in the marketplace
through the years, I wanted to provide some information to help
'debunk' some common myths about credit scores. Myth: There is only
one credit score Reality: There are multiple...read more
by October 10, 2012,
Credit Unions
Let’s face it, debt collectors often get a bad rap. Sure,
some of it is deserved, but the majority of the nation’s estimated
157,000 collectors strive to do their job in a way that will
satisfy both their employer and the debtor. One way to
improve collector/debtor interaction is for the collector...read more
by October 4, 2012,
Credit Unions
It has been over a year that in Zuccotti Park the Occupy Wall
Street crowd made their voices heard. At the anniversary
point of that movement, there has been a lot of debate on if the
protest has fizzled away or is still alive and planning its next
step. Either way, it cannot be ignored that it...read more
