Credit Risk Management

Consumer spending still leading the way

Posted on Nov 30 2015 by

The second estimate of GDP was unrevised from the first, confirming growth at 0.5% q-o-q in 2015q3, after 0.7% in 2015 Q2. Solid growth in services at 0.7% outweighed weakness in manufacturing, where output shrank by 0.4%.

Affordability: An approach that pre-qualifies customers is better for everyone

Posted on Nov 24 2015 by

Aligning expectations with reality through pre-qualification can help you to avoid the kind of mismatch that sits behind a lot of human disappointment. How much better will customers feel about the loan process when they know they’re likely to get the keys to the new house they’ve just fallen in love with, or the zippy little motor they couldn’t take their eyes off?

UK consumer price deflation continues in October

Posted on Nov 18 2015 by

The Consumer Price Index (CPI) fell by 0.1% in the year to October, the same as in the year to September. This was in line with Experian’s expectations and continued the trend of inflation hovering around the zero mark which has been evident throughout this year.

Affordable homes shortage puts property availability at four-year low

Posted on Nov 13 2015 by

A fall in the number of affordable homes being put up for sale has driven overall property availability in the UK to its lowest level since 2011. A quarter of a million new properties went on sale between July and September this year, three per cent lower than the same period in 2014.

Renting versus Buying

Posted on Nov 03 2015 by

Many first-time buyers are debating renting versus buying and asking: is it worth saving for the seven years that it typically takes to save for a deposit?

Data analytics helps housing associations

Posted on Oct 23 2015 by

With the shift in housing benefit payments being made to individuals, coupled with recent welfare reforms and the rising cost of living, the risk of missing a rent payment has never been greater. Data analytics can help harness the power of your data to help you predict and safeguard individuals who may be experiencing financial […]

The Changing Face of Collections

Posted on Oct 23 2015 by

Good collections practices are an opportunity to combine sensible business with compassion – and it’s easier to be compassionate when you’re well informed.

Is Rent Payment Information Changing the Credit Landscape?

Posted on Sep 25 2015 by

The Rental Exchange makes vital information about rental payments available to lenders, so that you get added insight into affordability, through more complete credit scoring. By having the most comprehensive view of your customers’ financial situations, you have the best chance to lend responsibly and prevent fraud.

Current account switchers top two million within two years of seven-day service launch

Posted on Sep 16 2015 by

More than two million bank customers have opted to use the seven-day account switching service within the first two years of the service’s launch.

Basel compliance is a business opportunity, here’s why…

Posted on Sep 07 2015 by

Regulators are placing significant scrutiny on every business transaction to protect consumers and organisations, requiring lenders to place extra due diligence in all areas of operation. The number of regulations imposed on financial institutions has grown significantly over the past few years to accommodate this, and now far exceeds any level in the history of […]