- Posted by Laurie Anderson
- On May 9, 2017
- alternative credit data, demographics, FactorTrust, non-prime, trends, underbanked
Identifying Trends in underbanked non-prime auto loan behaviors
Taking the time to understand each customer segment can reap benefits for companies wanting to find or keep a foothold in their industry. It is of particular importance for players in the automotive industry, which has most recently encountered falling used vehicle values and rising delinquencies. Gaining insights into underbanked consumers, in particular, helps auto financing providers take a closer look at non-prime auto loan applicants that may otherwise go overlooked.
Read the full article from May-June 2017 Non-Prime Times