All articles tagged: “Loans”

(364 total)

Blog

1,596 views

1 min read

Equifax Reports Tighter Credit for Small Business in February for Second Straight Month 

Equifax Reports Tighter Credit for Small Business in February

Small business owners were under pressure in February as lending tightened for the second consecutive month. The Equifax Small Business Lending... read more »

By: Eric Bank • 4/22/25

Blog

1,708 views

3 min read

Opinion: Cash Flow Credit Scores Revolutionize Lending, Opening Doors for Millions

Opinion: Cash Flow Credit Scores Revolutionize Lending

It has taken decades for credit reporting to change with the times, but it’s finally here. Analyzing a prospective borrower’s credit risk based... read more »

By: Erica Sandberg • 4/21/25

Blog

4,008 views

3 min read

Equifax Improves Its Google Cloud Marketplace Offerings, and Subprime Lenders Have Much to Gain

Equifax Improves Its Google Cloud Marketplace Offerings

Equifax has made a significant move toward data democratization in the subprime lending market. By releasing over a dozen anonymized datasets in... read more »

By: Eric Bank • 4/11/25

Blog

4,872 views

3 min read

CFPB Retreats: Two Rule Reversals Portend Future of Subprime Lending

Two CFPB Rule Reversals Portend Future of Subprime Lending

With a two-for-one blow to federal regulation, the Consumer Financial Protection Bureau (CFPB) recently reversed a pair of regulations regarding... read more »

By: Eric Bank • 4/9/25

Blog

3,744 views

3 min read

Experian’s Aperture Data Studio Upgrade Helps Subprime Lenders Clean Up Their Data Game

Experian Helps Subprime Lenders Clean Up Their Data Game

Subprime lenders have never had it easy. Attempting to make intelligent decisions with dirty, partial, or stale data is much the same as building... read more »

By: Eric Bank • 4/8/25

Blog

5,798 views

3 min read

From Scoring to Selling: TransUnion Places Big Bet on Prequalification with Monevo Acquisition

TransUnion Places Big Bet on Prequalification with Acquisition

TransUnion has completed its acquisition of the UK credit prequalification and distribution platform Monevo.  With personal finance changing at... read more »

By: Eric Bank • 4/3/25

Blog

18,088 views

3 min read

Opinion: March Reminds Us That Embracing Credit Education Can Reduce Defaults

Opinion: Embracing Credit Education Can Reduce Defaults

Spring has sprung here in The Sunshine State. The birds are chirping and the bees are buzzing once again in my home state of Florida, where we’ve... read more »

By: Adam West • 3/17/25

Guide

10,829 views

11 min read

How Does Buy Now, Pay Later (BNPL) Work? A Guide to the Popular Short-Term Financing Option

How Buy Now, Pay Later (BNPL) Works

Have you ever seen the perfect item online, but your budget just won’t accommodate it right now? That’s the dilemma buy now, pay later (BNPL)... read more »

By: Eric Bank • 3/13/25

Blog

19,458 views

3 min read

Opinion: What Prime Audiences Don’t Understand About the Subprime Space

Opinion: What Prime Audiences Don’t Understand About Subprime

For the past half decade, I’ve been picking the brains of hundreds of the brightest minds in financial services as the Managing Editor for... read more »

By: Adam West • 2/10/25

Blog

16,484 views

5 min read

With BNPL Industry Oversight in Flux, New CFPB Research Fills a Data Gap

Where We Stand With BNPL as Changes Loom

It’s typical for a new executive branch to suspend pending regulatory changes subject to review. And that’s precisely what the Trump... read more »

By: Mike Senecal • 1/28/25

Guide

28,275 views

9 min read

What is a Balloon Payment? A Guide to Lump-Sum Principal Payments Due at the End of Some Loans

What is a Balloon Payment? A Guide to Lump Sum Payments

When something in the financial services industry sounds too good to be true, I don’t mind saying that there’s usually a catch. For example, some... read more »

By: Mike Senecal • 12/23/24

Guide

50,160 views

9 min read

What is a Secured Loan? How Collateral Can Help You Secure Financing

What Is a Secured Loan? How Collateral Can Help You Secure Financing

Nothing warms up a lender’s heart like good ol’ collateral! Dangle some valued property in front of them, and you’ll likely see that loan... read more »

By: Eric Bank • 12/3/24

Study

45,487 views

11 min read

Survey Unveils Payday Loans as America’s Top Quick Cash Fix, Followed By Pawnshop Loans

Survey Unveils Americans Prefer Payday For Quick Cash

A short-term loan may be the only viable option for many people who cannot access traditional sources of financing, such as installment loans and... read more »

By: Jon McDonald • 11/21/24

Guide

51,615 views

9 min read

What is an Unsecured Loan? When Lenders Approve Financing Without Collateral

How Unsecured Loans Work: Advantages & Disadvantages

Funny thing — many people are insecure, and many loans are unsecured. What do they have in common besides “n-s-e-c-u-r-e?” Well, after pondering... read more »

By: Eric Bank • 11/18/24

Guide

63,240 views

9 min read

What is a Personal Loan? A Guide to Rates, Terms, and How to Qualify for Financing

What is a Personal Loan? How to Qualify for Financing

I’m not sure when the world stopped caring about privacy. The internet has evolved into a swamp full of online diaries exposing all sorts of... read more »

By: Eric Bank • 11/14/24

Guide

52,020 views

11 min read

What is Repossession? How Default Can Lead to Property Loss and Credit Damage

What is Repossession? How Default Leads to Property Loss & Credit Harm

Now, I know those scary movies make repossession sound like something horrifying, but it does not take a priest or spooky rituals to drive out... read more »

By: Eric Bank • 11/12/24

Guide

32,148 views

7 min read

What is Prepayment? A Guide to the Benefits and Potential Pitfalls of Paying Off Loans Early

What is Prepayment? A Guide to Paying Off Loans Early

People who’ve lived long enough have probably heard the idiom, “a bird in hand is worth two in the bush.” If that phrase confused you the first... read more »

By: Andrew Allen • 11/5/24

Guide

41,184 views

9 min read

What is a Loan Term? How the Length of Your Loan Affects Interest Rates & Monthly Payments

How a Loan Term Impacts Your Interest Rates and Payments

Let me paint you a picture. You apply for a loan and feel downright giddy after you get approved. But that joy only lasts so long before the... read more »

By: Eric Bank • 10/30/24

Guide

38,500 views

9 min read

What is a Loan Origination Fee? Explaining the Basics and How It Affects Your Borrowing Cost

The Basics of Loan Origination Fees

Let me assure you that origination fees aren’t some kind of phantom tax that emerges from the shadows to feast on your money. While not exactly... read more »

By: Eric Bank • 10/28/24

Guide

88,084 views

11 min read

What is a Home Equity Loan? How the Financing Option Works & Differs from a HELOC

Everything You Need to Know About Home Equity Loans

Whether you adore your New York penthouse view or the fresh air at your farmhouse in Iowa, you can also be proud of the equity you’ve built up in... read more »

By: Eric Bank • 10/22/24

Guide

43,568 views

9 min read

What is a Loan Shark? Everything You Need to Know About Illegal High-Interest Financing

How to Identify Loan Sharks and Protect Yourself

Imagine if your son gets arrested and you can’t make bail. Or your partner comes clean about their gambling losses and now is in debt. And if you... read more »

By: Jon McDonald • 10/14/24

Guide

51,150 views

11 min read

What is a Loan Agreement? How the Document Details Your Rate, Terms, and Repayment Responsibilities

How Loan Agreements Detail Your Rate, Terms, and Repayments

Reading a loan agreement is tedious. Imagine someone handing you the world’s most boring mystery novel — except you already know the ending:... read more »

By: Eric Bank • 10/9/24

Guide

72,016 views

11 min read

What is the Loan-to-Value Ratio? How to Calculate Your LTV and Its Impact on Loan Approval

How Loan-to-Value Ratio Impacts Loan Approval

Ever wonder how much a lender’s willing to bet on your new house or truck? Well, that’s where the loan-to-value ratio comes in. It’s how the... read more »

By: Eric Bank • 10/8/24

Guide

64,032 views

7 min read

What are Installments? A Closer Look at Fixed Loan Repayments

What are Installments? A Look at Loan Repayment Structures

If you’ve ever taken out a loan or shopped for something big, like a car, furniture, a new smartphone, or even a dream vacation (yes, we see you... read more »

By: Choncé Maddox • 10/1/24

Guide

64,484 views

7 min read

What is Collateral? How Assets Are Used to Secure Loans and Credit

What is Collateral? More About Assets That Secure Loans and Credit

Let’s talk about collateral, the backbone of many financial deals. Think of collateral like the safety net under a tightrope walker — it’s there... read more »

By: Eric Bank • 9/24/24