Mike Senecal

Staff Writer
Mike Senecal

About the Author

Mike Senecal draws on more than 20 years of educational and editorial experience to help BadCredit.org readers understand the complexities of the personal finance industry. Mike has worked for decades in academic and trade publishing, including roles as managing editor and technical editor at the University of Florida and as contributor to finance industry publications, including Surety Bond Quarterly and Independent Agent, among others. Mike holds bachelor’s and master’s degrees from the University of South Carolina, and he enjoys bringing his years of academic and industry expertise online to help consumers of diverse financial backgrounds.

Latest Posts

156 posts written/edited to date

Blog

27,760 views

3 min read

Rising Cost of Vehicle Ownership Drives Near- and Non-Prime Consumers to Used Cars, Study Finds

Rising Costs Drive Near- and Non-Prime Consumers to Used Cars

Everybody needs wheels — even this author, who was a fourth-grader at Holy Spirit School in Vacaville, California, when she published her... read more »

By: Mike Senecal • 3/7/25

Blog

26,258 views

3 min read

Teach Children to Save Day Showcases ABA Foundation Educational Initiatives

ABA Foundation Initiatives Help Banks Tailor Community Outreach

On Teach Children to Save Day, to be held this year on April 25, banks and credit unions nationwide will engage with elementary and middle school... read more »

By: Mike Senecal • 3/6/25

Blog

29,526 views

3 min read

NFCC Nonprofit Credit Counseling Agencies Build a Crucial Bridge to Subprime Success

NFCC Nonprofit Credit Counseling Fosters Subprime Success

If an ounce of prevention is worth a pound of cure, recent financial news establishes that many Americans are past the prevention stage. With... read more »

By: Mike Senecal • 3/5/25

Blog

19,980 views

3 min read

UM Sentiment Index Charts Rising Consumer Fear of Higher Inflation That May Stress Subprime Lending

UM Sentiment Index Charts Rising Consumer Inflation Fears

One way subprime lenders make informed decisions about marketplace actions is by gauging the impact of changes in supply and demand. Behavioral... read more »

By: Mike Senecal • 3/4/25

Blog

25,653 views

3 min read

Make Inroads in a Changing Market: ICBA LIVE Highlights This Year’s Community Bank Calendar

ICBA LIVE Highlights This Year's Community Bank Calendar

America’s community banks serve local businesses and consumers with personalized financial solutions born out of a deep commitment to... read more »

By: Mike Senecal • 2/28/25

Blog

30,690 views

3 min read

Citing Weaponization, CFPB Drops Biden-Era Suit Against SoLo P2P Lending Platform

CFPB Drops Biden-Era Suit Against SoLo Lending Platform

Is SoLo Funds a great idea because it looks like one, or does it look like one because it actually is? That’s the convoluted question I’ll try to... read more »

By: Mike Senecal • 2/27/25

Blog

13,508 views

3 min read

The AI Future of Debt Collection: New Research Details How Firms Enhance Operational Efficiencies

New Research on the AI Future of Debt Collection

The latest Household Debt and Credit Report from the New York Fed confirms household debt totals are still rising. The mounting numbers... read more »

By: Mike Senecal • 2/26/25

Blog

33,210 views

5 min read

Including BNPL Loans in FICO Scores May Impact Subprime, New FICO/Affirm Study Suggests

Including BNPL Loans in FICO Scores May Impact Subprime

This past January, I reported the results of a Consumer Financial Protection Bureau (CFPB) study associating frequent users of Buy Now, Pay Later... read more »

By: Mike Senecal • 2/25/25

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