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.

Half of Underbanked Applicants have Thick Files with Low Share of Delinquent Loans

  • Posted by Laurie Anderson
  • On June 28, 2017
  • alternative credit, delinquency, thick files, thin files, tradeline
By Dan Richard, FactorTrust VP, analytics & product strategy An often-overlooked observation about consumers who use alternative credit products (sometimes referred to as “non-traditional borrowers”) is that they regularly demonstrate adequate repayment of their alternative loans. Recent research indicates that about two-thirds of applicants for alternative forms of credit have at least one tradeline already […]
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Fifty-Seven Percent of Underbanked have Low Debt-to-Income Ratios

  • Posted by Laurie Anderson
  • On June 28, 2017
  • alternative credit, Big 3, CFPB, debt to income ratio, underbanked
By Dan Richard, FactorTrust VP, analytics & product strategy The Consumer Financial Protection Bureau (CFPB) recently issued a request for information (RFI) seeking information about the use or potential use of alternative data and modeling techniques in the credit process. FactorTrust is encouraged by the issuance of the RFI by the CFPB and the fact […]
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Alternative Vendor Oversight

  • Posted by Laurie Anderson
  • On June 21, 2017
  • bank sharing, collaboration, FactorTrust, OCC
By Barb Sinsley, FactorTrust general counsel & chief compliance officer Since Dodd-Frank was enacted, banks and the financial services industry have been in a constant state of “preparation.” Preparing for a Consumer Financial Protection Bureau (CFPB) Examination or Civil Investigation Demand (CID), preparing for a bank examination, or preparing as a vendor for all sorts […]
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FactorTrust applauds CFPB for examining ‘credit invisibles’

  • Posted by Laurie Anderson
  • On June 21, 2017
  • CFPB, credit invisib, FactorTrust
Here’s a change of pace: An auto finance industry participant supporting an action by the Consumer Financial Protection Bureau. FactorTrust said that it backs the CFPB for examining findings that bring to light the plight of credit invisibles in their transition to establish credit. Reposted from AutoRemarketing… read full article
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FACTORTRUST SUPPORTS CFPB ON EXAMINING “CREDIT INVISIBLES” IN ESTABLISHING CREDIT

  • Posted by Laurie Anderson
  • On June 12, 2017
  • alternative credit data, CFPB, credit, credit invisible, FactorTrust, underbanked
Underbanked Consumers Can Become Visible with Positive Payment Behavior ATLANTA—FactorTrust, The Alternative Credit Bureau, supports the Consumer Financial Protection Bureau (CFPB) for recently examining findings that bring to light the plight of credit invisibles in their transition to establish credit. FactorTrust has long-provided alternative credit data, analytics and risk scoring information that lenders need to […]
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FACTORTRUST AND GOLDPOINT SYSTEMS PARTNERSHIP INTEGRATES PREDICTIVE CREDIT DATA AND SCORES INTO PLATFORM

  • Posted by Laurie Anderson
  • On June 7, 2017
  • alternative credit data, credit scores, FactorTrust, GOLDPoint Systems, underbanked
Alternative Credit Data Enables Lenders to Make More Informed Decisions on Consumers ATLANTA—FactorTrust, The Alternative Credit Bureau, today announced an innovative partnership with GOLDPoint Systems to integrate alternative credit data and scores into the online lender’s originating, servicing and reporting processes, thereby enabling GOLDPoint’s lending clients to get a complete overview of creditworthy borrowers. GOLDPoint […]
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FACTORTRUST EXPANDS TRIGGERS TO HELP LENDERS MONITOR CUSTOMER ACCOUNTS

  • Posted by Laurie Anderson
  • On June 1, 2017
  • collection, FactorTrust, recovery, Triggers
Enhancements Alert Lenders on Consumer Behaviors, Right-Party Contacts Atlanta—Today FactorTrust released its enhanced Triggers solution, which provides tools to notify lenders of specific consumer behaviors on an ongoing basis and identifies the right-party contact information for collection and recovery efforts. Triggers are alerts for pre-specified consumer events or changes reflected on FactorTrust’s credit database that […]
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