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.

WHITE PAPER: UNDERBANKED INDEX – AUTO VERSION

  • Posted by Laurie Anderson
  • On July 31, 2017
The Federal Deposit Insurance Corporation (FDIC) says that approximately 20 percent of U.S. households – or 25 million – are considered underbanked. 1 Underbanked consumers typically have low traditional credit scores and/or thin or no credit files and have sought alternative lending due to lack of traditional credit options. They are either brand new to credit, […]
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INFOGRAPHIC: UNDERBANKED INDEX – AUTO VERSION

  • Posted by Laurie Anderson
  • On July 31, 2017
The Three Cs of Consumers Buying, Financing Vehicles Average Monthly Income  of FactorTrust Borrowers (auto) is $3,000 ($36,000 annualized). National average comparison: 50 percent of American workers make less than $30,000/year (source: Social Security Administration)  
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Survey: Americans’ Knowledge of Credit Scores Is Lacking

  • Posted by Laurie Anderson
  • On July 28, 2017
  • alternative credit data, consumer, credit history, credit profile, FactorTrust
Most U.S. adults do not understand what is and what is not included in their credit history, and therefore impacting their credit scores. Out of 2,279 U.S. adults surveyed, 71 percent assume that major credit bureaus are including all consumer credit history, including non-traditional payments like short-term loans, online, rent-to-own, and more. This survey, conducted by […]
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Completing the Picture of Underbanked Consumers with Alternative Credit Data

  • Posted by Laurie Anderson
  • On July 26, 2017
  • alternative credit, FactorTrust, underbanked, underbanked index
by Pratibha Prabhu, FactorTrust director of analytics, R&D American inventor Charles Kettering (think electrical motors, leaded gasoline and Freon), said, “There is a great difference between knowing and understanding: you can know a lot about something and not really understand it.” Somewhere along the path between knowing and understanding is where valuable insights begin to […]
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What 71% of adults think is in their credit history

  • Posted by Laurie Anderson
  • On July 25, 2017
  • alternative credit data, consumers, credit history, credit scores, FactorTrust
Here is more evidence as to why customers sitting across the desk from you might be frustrated the rate attached to their installment contract isn’t as favorable as they expect. A new survey from FactorTrust indicated most U.S. adults do not understand what is and what is not included in their credit history, and therefore […]
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INFOGRAPHIC: CONSUMER VIEWS OF CREDIT SCORE DATA

  • Posted by Laurie Anderson
  • On July 24, 2017
Most U.S. adults do not understand what is and what is not included in their credit history, and therefore impacting their credit scores. View the infographic which highlights consumer views of credit score data – results of a recent survey conducted by Radius Global Market and commissioned by FactorTrust. 84 Percent of US Adults Say […]
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US Adults Misunderstand What Is Included in Credit Scores, Recent Survey Finds

  • Posted by Laurie Anderson
  • On July 24, 2017
  • consumer scores, credit history, credit scores, FactorTrust, underbanked
84 Percent of US Adults Say If They Make Payments for a Loan – Small or Large – It Should Be Included in Their Credit Score ATLANTA—Most U.S. adults do not understand what is and what is not included in their credit history, and therefore impacting their credit scores. Out of 2,279 U.S. adults surveyed, 71 […]
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Surveying the Alternative Credit Data Landscape

  • Posted by Laurie Anderson
  • On July 21, 2017
  • alternative credit data, CRA, FactorTrust, proprietary data, underbanked
By FactorTrust CEO Greg Rable There is a Korean saying that simply states, “It is dark under a lamp.” That concept—that a lamp illuminates everything out in front of it, but can’t shed light on what lies just beneath—helps remind us that we don’t always need to look far for the answers we seek. Sometimes […]
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Auto Financing Survey Finds Diverse Assortment of Use Cases for Alternative Data

  • Posted by Laurie Anderson
  • On July 20, 2017
  • alternative credit data, FactorTrust, Non-Prime Times
A recent industry-wide survey in the non-prime auto financing industry investigated respondents’ usage of alternative credit data in their current business processes. The survey found that 55 percent of respondents currently use alternative credit data in some capacity (“users”), 19 percent are in the process of testing or implementing alternative data and 28 percent are […]
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Comparing the Wisconsin Butter Law and the CFPB on Arbitration

  • Posted by Laurie Anderson
  • On July 19, 2017
  • arbitration rule, CFPB, FactorTrust
By Barb Sinsley, FactorTrust general counsel & chief compliance officer My kids hate it when I talk about the Wisconsin Butter Law. Besides showing my deep attachment to my home state, they find my knowledge of such random facts, well, “annoying.” The Wisconsin butter law says that a restaurant can’t serve margarine unless the customer […]
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FACTORTRUST PARTNERS WITH ECASH SOFTWARE ON PROPRIETARY DATA, SCORES

  • Posted by Laurie Anderson
  • On July 13, 2017
  • eCash, FactorTrust, MLA, proprietary data
FactorTrust®, The Alternative Credit Bureau™, announced today an enhanced partnership with eCash Software, a leading software solutions company for small lending institutions, in delivering integrated proprietary data and scores to its lending customers. FactorTrust’s proprietary database of underbanked and near-prime consumers (those with credit scores of 700 or below) has more than 250 million transactional […]
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FACTORTRUST PARTNERS WITH ECASH SOFTWARE ON PROPRIETARY DATA, SCORES

  • Posted by Laurie Anderson
  • On July 12, 2017
  • alternative credit data, credit score, eCash, FactorTrust, MLA
Expanded Collaboration Enhances Solutions for Lending Customers ATLANTA—FactorTrust®, The Alternative Credit Bureau™, announced today an enhanced partnership with eCash Software, a leading software solutions company for small lending institutions, in delivering integrated proprietary data and scores to its lending customers. FactorTrust’s proprietary database of underbanked and near-prime consumers (those with credit scores of 700 or […]
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Why Lenders Should Take Advantage of Alternative Data

  • Posted by Laurie Anderson
  • On July 11, 2017
  • alternative data, auto financing, FactorTrust
There was some variation in what data was considered alternative, according to FactorTrust’s Alternative Data Survey Results. Overall, the definition of alternative data was quite unanimous as “credit related data not found on the traditional three credit reports,” according to the June survey. For example, FactorTrust, LexisNexis, Clarity, TransUnion L2C, TransUnion TLO, Equifax, The Work Number (Verification Services), Equifax […]
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5 points from FactorTrust’s non-prime survey

  • Posted by Laurie Anderson
  • On July 10, 2017
FactorTrust recently released findings from an industry-wide survey on the use of alternative data in the non-prime auto financing space, which indicate that alternative data is being more commonly used for underwriting purposes in this market. Reposted from AutoRemarketing… read full article    
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FactorTrust Named Georgia Fast 40 Company

  • Posted by Laurie Anderson
  • On July 10, 2017
  • ACG, FactorTrust, middle market companies
FactorTrust was recently recognized as one of the top 40 fastest-growing middle-market companies in Georgia by ACG Atlanta, ranking fourth in the lower-middle market category. Watch the full video press release.    
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FACTORTRUST RELEASES NON-PRIME AUTO FINANCING SURVEY RESULTS

  • Posted by Laurie Anderson
  • On July 6, 2017
  • alternative credit data, alternative data, auto financing, FactorTrust, non-prime, underbanked
Use of Alternative Data in Non-Prime Auto Financing Industry Becoming More Mainstream in Credit Strategies ATLANTA, (July 7, 2017)—FactorTrust®, The Alternative Credit Bureau™, released findings today from an industry-wide survey on the use of alternative data in the non-prime auto financing industry, which indicate that alternative data is being more commonly used for underwriting purposes […]
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