BOOM! WHAT HAVE WE BEEN TALKING ABOUT? ?? Ally Financial Flags Intensifying Credit Challenges: A Sign of the Times? ?? Ally Financial has just flagged growing credit challenges, particularly a rise in net charge-offs, with auto loans being hit hardest. This fits into the broader narrative we’ve been following around consumers turning to Alternative Financial Services (AFS) for short-term cash flow solutions. Companies like OppFi and Affirm are seeing increased activity, and services like Dave are being used more frequently for paycheck advances as consumers struggle to keep up with rising costs and tighter credit markets. With both traditional lenders and alternative lenders facing increasing defaults, it’s clear that the financial pressure is widespread. Let’s discuss how this impacts our strategy moving forward. Source: https://lnkd.in/grtesdKb
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Current loan payment trends are the driving factor behind the strategic shifts financial institutions must consider. Read the blog to learn more. #fintech #loanpayments #financialinstitutions
Loan Payments in a High-Interest Era
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Attention BUSINESS OWNERS: ?? As banks brace for a riskier lending environment, now might be the perfect time to consider securing additional credit. Corpay can help by providing you with additional working capital with or Corporate Credit Cards!! With economic forecasts pointing to potential belt-tightening, locking in favorable rates and terms can be a smart move before lenders become more cautious. Whether you're managing business expenses or preparing for future growth, acting now can provide financial flexibility. Stay ahead of the curve and explore your options today! ???? #CreditManagement #FinancialPlanning #BusinessGrowth https://lnkd.in/eu263mVi
Banks are bracing for consumers to stop paying off their credit cards
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Consumer Financial Protection Bureau Research Reveals Heavy Buy Now, Pay Later Use Among Borrowers With High Credit Balances and Multiple Pay-in-Four Loans Read more: https://lnkd.in/dKkxt67H #CFPBResearch #BuyNowPayLater #BNPL #ConsumerDebt #FintechTrends #finance #fintech #FinancialIT
CFPB Research Reveals Heavy Buy Now, Pay Later Use Among Borrowers With High Credit Balances and Multiple Pay-in-Four Loans
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We believe it's vital to keep clients, partners and prospects informed concerning the major lending sources available. Access our recent newsletter below for recent insight into how the various lending segments are performing in today's market. https://conta.cc/4aHl8U0
Q2 Market Update: Lender Insights
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We expect lower rates and an uptick in M&A activity to drive increased direct lending deployment as the market begins to digest rate cuts into 2025.??? ?? As my colleague Michael Zawadzki says, "As [the] cost of capital comes down, you'll see an increase in transaction volume, and the most direct beneficiary of that increase in transaction volume will be direct lending because a lot of the activity in that market is M&A driven." https://lnkd.in/dcmxmetn
WSJ | Private-Credit Lenders Expect Rate Cuts to Lift Loan Volume
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Using credit and customer information to help financial service providers grow. Host of TransUnion's Extra Credit podcast.
Read this New York Times article featuring TransUnion’s Liz Pagel to explore the current status of reporting buy now, pay later loans in credit reporting and the potential impact on consumers and lenders. https://lnkd.in/enGaxFgZ
[ARTICLE] ‘Pay Later’ Lenders Have an Issue With Credit Bureaus
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OP Bancorp faces rising classified loans and declining profit amid financial market challenges #OPBancorp #BankingIndustry #FinancialResults #LosAngelesFinance #StockMarketNews #LoanDefault #BankingTrends #MarketUncertainty
OP Bancorp faces rising classified loans and declining profit amid financial market?challenges
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President SafeRent Solutions | Strategist and Trusted Advisor | Business Development & Sales Leader | Team Builder | Consumer Data | Credit Data & Analytics | Financial Services
Read this New York Times article featuring TransUnion’s Liz Pagel to explore the current status of reporting buy now, pay later loans in credit reporting and the potential impact on consumers and lenders. https://lnkd.in/eaURFCc4
[ARTICLE] ‘Pay Later’ Lenders Have an Issue With Credit Bureaus
https://www.nytimes.com
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Read this New York Times article featuring TransUnion’s Liz Pagel to explore the current status of reporting buy now, pay later loans in credit reporting and the potential impact on consumers and lenders. https://lnkd.in/eDEMZHn6
[ARTICLE] ‘Pay Later’ Lenders Have an Issue With Credit Bureaus
https://www.nytimes.com
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Navigating the world of loans can be challenging, and missing a payment can have serious consequences. Our latest blog breaks down everything you need to know about loan delinquency - why it happens, the impacts, and how to prevent it. Key Points: ?? What is Loan Delinquency? Basics and occurrence ?? Common Causes: Expenses, income loss, poor management ? Stages of Delinquency: Timeline from pre to default ?? Impact on Borrowers: Credit score, fees, collateral loss ?? Strategies for Lenders: Communication, digital payments, reminders Gain the insights needed to manage loans responsibly and maintain financial health. Read the full blog now and take control of your financial future. ?? Read the blog - https://lnkd.in/gMi7YuAN #LoanDelinquency #digitalloancollections #debtrecovery #loancollections #digitallending #bankingtech #fintech #finance #banking #bankingindustry #nbfc #banks #bfsi #technology #tech #ai #ml #digitaltransformation #analytics #innovation #digital #credgenics
Understanding Loan Delinquency: Causes & Solutions | Credgenics
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