EXPN

Equifax, Experian and TransUnion Extend Free Weekly Credit Reports in the U.S. Through 2023

Retrieved on: 
Friday, September 23, 2022
Group, Government, Child, Crime, COVID-19, NYSE, London Stock Exchange, Blog, Credit, Organization, TransUnion, News, Industry, FOR, FTSE, LON, Investment, Central, Equifax, London, Chief executive officer, CEO, Identity fraud, Solution, EXPN, GLOBE, TRU, Information technology, Online shopping, Experian

The companies' CEOs provided a joint statement on the decision to extend free weekly credit reports through 2023.

Key Points: 
  • The companies' CEOs provided a joint statement on the decision to extend free weekly credit reports through 2023.
  • Credit reports play an important role in financial health, and providing weekly reports for consumers at no charge is another way that we can support financial education and stability for people across the U.S. at this critical time.
  • Consumer credit reports are a factual record of credit activity and payment history used by lenders, creditors, service providers and other businesses to extend financial opportunities and other offers to people.
  • Consumers can access their free weekly credit reports from each of the three credit reporting agencies at www.annualcreditreport.com .

New Electric Vehicle Registrations Grew More Than 250% Over the Last Five Years, According to New Experian Data

Retrieved on: 
Thursday, September 22, 2022
Alternative Vehicles, Fuels, Data Analytics, Professional Services, Automotive, EV, Electric Vehicles, Group, Child, Crime, London Stock Exchange, Blog, Organization, Growth, News, Industry, FTSE, EVS, London, DMA's, Sport, Sport utility vehicle, EXPN, EV, Original equipment manufacturer, Mobile phone, Experian

This number may seem small compared to the 284 million vehicles on the road, but data shows it is growing exponentially.

Key Points: 
  • This number may seem small compared to the 284 million vehicles on the road, but data shows it is growing exponentially.
  • Additionally, new EV registrations continue to ramp up, comprising 5.7% of all new vehicle registrations in Q2 2022, up from 1.5% in Q2 2018.
  • For example, SUVs comprised just 17.84% of new EV registrations in Q2 2018, with sedans making up 81.89%.
  • Experian and the Experian marks used herein are trademarks or registered trademarks of Experian and its affiliates.

S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDICES SHOW COMPOSITE AND FIRST MORTGAGE RATES STEADY IN AUGUST 2022

Retrieved on: 
Tuesday, September 20, 2022
Group, S&P Dow Jones Indices, Dow Jones Industrial Average, Child, Crime, Database, NYSE, London Stock Exchange, Blog, News, S&P Global, FTSE, London, EXPN, Research, SPGI, Credit default swap, Experian

NEW YORK, Sept. 20, 2022 /PRNewswire/ -- S&P Dow Jones Indices and Experian released today data through August 2022 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate was unchanged at 0.57%. The bank card default rate fell three basis points to 2.41%. The auto loan default rate was six basis points higher at 0.72% while the first mortgage default rate was unchanged at 0.42%.

Key Points: 
  • Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET.
  • They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien.
  • The Indices are calculated based on data extracted from Experian's consumer credit database.
  • More assets are invested in products based on our indices than products based on indices from any other provider in the world.

Experian Named to Top 10 in IDC FinTech Rankings Top 100

Retrieved on: 
Thursday, September 15, 2022
Personal Finance, Data Analytics, Data Management, Professional Services, Technology, Fintech, Other Technology, Security, Software, Group, Child, Crime, Risk, London Stock Exchange, Blog, Organization, News, Industry, Calendar, FTSE, IDC, Investment, Forbes, London, Technology, Solution, Financial technology, Fraud, EXPN, Heart, Multimedia, View, Renewable energy, Experian

Experian has ranked #9 on the newly announced 2022 IDC FinTech Ranking, jumping from its previous position at #11.

Key Points: 
  • Experian has ranked #9 on the newly announced 2022 IDC FinTech Ranking, jumping from its previous position at #11.
  • The FinTech Rankings is an annual ranking which highlights the top 100 global providers of financial technology by revenue.
  • Placement in the top 10 of IDC FinTech Rankings shows Experians record of innovating solutions that power financial institutions and deliver benefits to consumers, commented Raymond Pucci, Research Director at IDC Financial Insights.
  • We congratulate Experian for being ranked #9 in the 2022 IDC FinTech Rankings Top 100 list.

Experian Helps Consumers Use Positive Rent Payments to Build Credit

Retrieved on: 
Wednesday, September 7, 2022
Professional Services, Consumer, Millennials, Finance, Banking, Personal Finance, Generation X, London, Time, EXPN, London Stock Exchange, FICO, Credit score in the United States, GameChanger, Blog, Multimedia, Association, Scores, FTSE, Crime, History, News, Group, Child, Insurance, Mobile phone, Property management, Credit, Experian

In a move to help millions of U.S. renters improve their credit scores, Experian today launched a beta release of Experian Boost1 that allows consumers to contribute qualifying, positive residential rent payments directly to their Experian credit file.

Key Points: 
  • In a move to help millions of U.S. renters improve their credit scores, Experian today launched a beta release of Experian Boost1 that allows consumers to contribute qualifying, positive residential rent payments directly to their Experian credit file.
  • View the full release here: https://www.businesswire.com/news/home/20220907005460/en/
    Experian Helps Consumers Use Positive Rent Payments to Build Credit (Photo: Business Wire)
    Experian Boost is a gamechanger and were excited to launch the first phase of this new enhancement that will allow consumers to instantly add rental payments to their Experian credit file, said Jeff Softley, president Direct to Consumer, Experian Consumer Services.
  • Based on preliminary analysis3 highlighting the potential impact of positive residential rent payment reporting through Experian Boost, Experian estimates:
    An average improvement of nearly 19 points for new users who see a FICO Score 8 improvement when positive rent payments are combined with other eligible payments for Experian Boost, such as telecom, utilities and video streaming services
    Reporting positive rent payments through Experian Boost: how it works
    With the beta release, consumers who rent from over 1,500 of some of the largest U.S.-based property management companies, and who pay their rent directly to their property management company or through platforms like AppFolio Property Management, Buildium, Yardi Breeze and Zillow Rental Manager, can add qualifying positive rent payments to their Experian credit file through Experian Boost.
  • Experian was the first major credit reporting agency to include rent payments in consumer credit reports and has a longstanding history supporting the use of positive rent payments.

Consumers Shifting Back to Used Vehicles as Inventory Shortages Continue

Retrieved on: 
Thursday, August 25, 2022
Automotive, Other Automotive, London, EXPN, Sport utility vehicle, London Stock Exchange, Overalls, Credit, Blog, Organization, FTSE, Crime, Group, News, Growth, Child, Renewable energy, Mobile phone, Real estate, Experian

As the automotive market continues to face inventory shortages, consumers are shifting back to the used vehicle market.

Key Points: 
  • As the automotive market continues to face inventory shortages, consumers are shifting back to the used vehicle market.
  • Between the inventory shortage and rising vehicle costs, consumers are looking to make the most cost-effective decision, which is often a used vehicle, said Melinda Zabritski, Experians senior director of automotive financial solutions.
  • The shift to used comes amid rising average vehicle loan amounts and monthly payments for both new and used vehicles.
  • Credit unions achieved growth in both new and used vehicle financing, though the growth was more pronounced in the used vehicle space.

S&P/EXPERIAN CONSUMER CREDIT DEFAULT INDICES SHOW EIGHTH CONSECUTIVE RISE IN COMPOSITE RATE IN JULY 2022

Retrieved on: 
Tuesday, August 16, 2022
SPGI, London, Dow Jones Industrial Average, S&P Dow Jones Indices, Credit default swap, NYSE, Database, Group, FTSE, Research, S&P Global, London Stock Exchange, EXPN, Blog, Child, News, Crime, Experian

NEW YORK, Aug. 16, 2022 /PRNewswire/ -- S&P Dow Jones Indices and Experian released today data through July 2022 for the S&P/Experian Consumer Credit Default Indices. The indices represent a comprehensive measure of changes in consumer credit defaults and show that the composite rate rose four basis points to 0.57%. The bank card default rate fell 11 basis points to 2.44%. The auto loan default rate was four basis points higher at 0.66% while the first mortgage default rate was up four basis points to 0.42%.

Key Points: 
  • Jointly developed by S&P Dow Jones Indices LLC and Experian, the S&P/Experian Consumer Credit Default Indices are published on the third Tuesday of each month at 9:00 am ET.
  • They are constructed to track the default experience of consumer balances in four key loan categories: auto, bankcard, first mortgage lien and second mortgage lien.
  • The Indices are calculated based on data extracted from Experian's consumer credit database.
  • More assets are invested in products based on our indices than products based on indices from any other provider in the world.

CuneXus and Experian Offer Optimized Consumer Lending Experience and Drive Financial Inclusion

Retrieved on: 
Thursday, August 4, 2022
Software, Data Analytics, Finance, Banking, Data Management, Professional Services, Technology, Fintech, CUNA Mutual Group, London, Technology, Friction, Group, FTSE, Credit, Marketing, Education, London Stock Exchange, EXPN, Acquisition, View, Blog, Child, Automation, FCRA, Â, News, Fair Credit Reporting Act, Solution, Crime, Health, Suncoast Credit Union, Organization, Online shopping, Bank, Suncoast, Experian

CuneXus and Experian will deliver compliant, digital display options of preapproved offers and help credit unions navigate consumer digital expectations, market competition and regulatory requirements.

Key Points: 
  • CuneXus and Experian will deliver compliant, digital display options of preapproved offers and help credit unions navigate consumer digital expectations, market competition and regulatory requirements.
  • CuneXus segments, targets and prescreens consumers against available loan products and lending criteria, making lending services available through an on-demand digital storefront.
  • By leveraging our data and technology to make better informed decisions through CuneXus, credit unions can stay competitive, keep up with consumer expectations and meet regulatory requirements while also providing a seamless consumer lending experience for their members.
  • This joint offering gives CuneXus clients access to data and analytics that can help them increase financial access for consumers responsibly.

Blis announce new partnership with Experian across seven markets

Retrieved on: 
Tuesday, August 2, 2022
Goal, Exploration, Group, EXPN, Time, Awareness, FTSE, Decision-making, VP, Partnership, London Stock Exchange, Solution, Data, Peugeot, McDonald's, Marketing, News, Organization, BLIS, Crime, Blog, Samsung, Mercedes-Benz, Macdonald, ID, London, HSBC, Child, Public relations, Mosaic, Experian, Unilever

LONDON, Aug. 2, 2022 /PRNewswire/ -- Blis, the audience-first platform that doesn't rely on personal data, today announced a new partnership with Experian to integrate socio-demographic data into Blis Audience Explorer across the UK, US, Italy, Spain, Netherlands, Australia and New Zealand. Experian Mosaic data will allow Blis' clients to understand the context behind the decisions that consumers make and who are the most valuable customers, to drive awareness, improve retention and increase the share of wallet.

Key Points: 
  • The partnership allows Blis to bring even more robust and precise audiences to life for its major media agency and brand clients globally.
  • By combining Blis' precise location data with Experian Mosaic's deep understanding of audience socio-demographics, decision making and customer value, our clients can access unparalleled, actionable consumer insights.
  • Experian Mosaic combines millions of pieces of information across Experian proprietary, public and trusted third-party sources.
  • "We're extremely excited to bring Experian Mosaic data into Audience Explorer," said Amy Fox, VP of Product at Blis.

Blis announce new partnership with Experian across seven markets

Retrieved on: 
Tuesday, August 2, 2022
Goal, Exploration, Group, EXPN, Time, Awareness, FTSE, Decision-making, VP, Partnership, London Stock Exchange, Solution, Data, Peugeot, McDonald's, Marketing, News, Organization, BLIS, Crime, Blog, NEW, Samsung, Mercedes-Benz, Macdonald, ID, London, HSBC, Child, Public relations, Mosaic, Experian, Unilever

LONDON and NEW YORK, Aug. 2, 2022 /PRNewswire/ -- Blis, the audience-first platform that doesn't rely on personal data, today announced a new partnership with Experian to integrate socio-demographic data into Blis Audience Explorer across the UK, US, Italy, Spain, Netherlands, Australia and New Zealand. Experian Mosaic data will allow Blis' clients to understand the context behind the decisions that consumers make and who are the most valuable customers, to drive awareness, improve retention and increase the share of wallet.

Key Points: 
  • The partnership allows Blis to bring even more robust and precise audiences to life for its major media agency and brand clients globally.
  • By combining Blis' precise location data with Experian Mosaic's deep understanding of audience socio-demographics, decision making and customer value, our clients can access unparalleled, actionable consumer insights.
  • Experian Mosaic combines millions of pieces of information across Experian proprietary, public and trusted third-party sources.
  • "We're extremely excited to bring Experian Mosaic data into Audience Explorer," said Amy Fox, VP of Product at Blis.