Privacy Policy

This privacy policy sets out how FactorTrust uses and protects any information that you give FactorTrust when you use this website. FactorTrust is committed to ensuring that your privacy is protected.

15 Tips for Improving Bad Credit

  • Posted by Laurie Anderson
  • On March 30, 2017
  • credit, installment loan, report, score
If you have bad credit, or you know someone with bad credit. There’s no shame in it! The average American is given very little information about how their credit score works, so it isn’t surprising that many people have less than perfect credit. Unfortunately, that means your options for getting a loan will also be […]
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Size Matters. How Do You Stack Up?

  • Posted by Laurie Anderson
  • On March 23, 2017
Top Trends in Short-Term Lending Demographic and Risk Metrics   By Brett Taylor, VP, alternative lending practice, FactorTrust   As the market grows and becomes increasingly competitive, short-term lenders (STL) must focus on the tactics and strategies that yield the highest results to stay relevant. The biggest safety net lenders can offer themselves is to […]
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Five Steps in Exploring the Universe of Alternative Credit Data

  • Posted by Laurie Anderson
  • On March 23, 2017
  • alternative credit data, analytics, credit bureaus, lenders, underbanked
By Dan Richard, FactorTrust VP, analytics & product strategy Gone are the days of traditional generic credit scores being the sole authority on prospective borrowers’ perceived credit risk. Lenders today find augmenting these scores with alternative credit attributes greatly increases accuracy in predicting behavior of these consumers, particularly among underbanked or non-prime. Alternative credit data […]
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Public Record Data Alone Lacks Predictive Power

  • Posted by Laurie Anderson
  • On March 23, 2017
  • alternative credit data, FactorTrust, predictive, public records
By Dan Richard, FactorTrust VP, analytics & product strategy While the Big 3 Bureaus assert they use alternative sources of data in putting together a consumer’s credit profile, the majority of this claim hinges on their use of public records; documents available to everyone, which, by themselves, prove lacking at predicting credit-related behaviors. On one […]
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How Alternative Credit Data Takes the Sting out of Loan Stacking

  • Posted by Laurie Anderson
  • On March 23, 2017
  • alternative credit data, FactorTrust, lenders, loan stacking
By Dan Richard, FactorTrust VP, analytics & product strategy Google the term ‘loan stacking’ and there is no shortage of articles. Loan stacking…What is it and why you should avoid it? The problem. The solution. Fraud in the face of loan stacking. Online lenders get left holding the bill. The list goes on. Loan stacking […]
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CFPB on Innovation

  • Posted by Laurie Anderson
  • On March 13, 2017
  • alternative credit data, CFPB, FactorTrust, innovation
By Barb Sinsley, FactorTrust general counsel & chief compliance officer The Consumer Financial Protection Bureau (CFPB) appears to acknowledge a need to address innovation. On October 24, the CFPB launched “Project Catalyst” which lists as one its “top priorities, to engage closely with companies, entrepreneurs and other stakeholders who are at the front lines of […]
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OCC on Innovation

  • Posted by Laurie Anderson
  • On March 13, 2017
  • FactorTrust, innovation, OCC
By Barb Sinsley, FactorTrust general counsel & chief compliance officer On November 3, the Office of the Comptroller of the Currency (OCC) announced it was establishing an office dedicated to responsible innovation. Thomas Curry, the comptroller of the OCC stated, “The OCC supports responsible innovation that enhances the safety and soundness of the federal banking […]
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FTC on Innovation

  • Posted by Laurie Anderson
  • On March 13, 2017
  • alternative credit data, FactorTrust, FTC, innovation, Trump
By Barb Sinsley, FactorTrust general counsel & chief compliance officer The Federal Trade Commission (FTC) has advanced the need for regulatory modernization to address technology perhaps longer than other regulators. In 2009, the FTC issued a workshop report “Collecting Consumer Debt, the Challenges of Change” which found the need for modernizing laws addressing technology in […]
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Is Your Traditional Bureau Holding You Back?

  • Posted by Laurie Anderson
  • On March 8, 2017
  • alternative credit data, approvedata, credit marketing, FactorTrust, prescreens
When More is Less by Paula Green, FactorTrust director of ApproveData Credit Marketing Services Lots of lenders believe there is no difference between credit bureau prescreens. If you’re a large traditional lender that uses large traditional bureau prescreens, you’re probably right. But if you’re a smaller lender, or a larger lender looking to gain ground in […]
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