Tag: Experian

While access to small-business credit is improving and credit balances are increasing, key differences still remain across the United States.

Using a risk model based on older data can result in reduced predictive power.

The housing market continues to recover, with mortgage originations increasing 12 percent year over year, moving from $508 billion to $570 billion.

Small-business credit conditions wrapped up the year by showing continued improvement for the fourth consecutive quarter.

Delinquency rates for auto loans moved up slightly in the last quarter of 2013, with the 30 to 59 days past due (DPD), 60 to 89 DPD and 90 to 180 DPD delinquency rates at 2.18 percent, 0.56 percent and 0.24 percent, respectively.

Findings from the Q2 Experian Business Benchmark Report showed that the amount of delinquent debt has increased significantly for the largest and smallest businesses. Very large businesses (those with more than 1,000 employees) had the greatest shift in percentage of dollars delinquent, shifting from 11.6 percent in June 2010 to 18.2 percent in June 2011, and very small businesses (those with one to four employees) had the greatest shift in percentage of dollars considered severely delinquent, increasing from 9.9 percent to 11.7 percent year over year. Conversely, the Q2 report indicated that mid-size businesses (those with 100 to 249 employees) have shown the greatest improvement in percentage of dollars delinquent and severely delinquent, reducing their debt by as much as 7.3 percent and 35.8 percent, respectively, year over year. Download previous reports and view a visual representation of this data broken down by state in an interactive map. Source: Download the current Business Benchmark Report