White Paper
Published July 18, 2019
Alternative Financial Services Credit & Economic TrendsClarity Services, a part of Experian, provides valuable alternative credit data to alternative financial service providers. Clarity's alternative data gives lenders a more complete picture of nonprime applicants, so they can make better and more informed decisions.
We analyzed the trends and financial behavior of nonprime consumers by looking at application and loan data in Clarity's specialty credit bureau from 2014 through 2018. A study sample of more than 350 million consumer loan applications and more than 25 million loans was created and leveraged to evaluate market trends during this period. Data from Experian's national credit bureau was also used to help profile consumers.
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Commercial Pulse Highlights - 11.12.2024
As we head into the holiday season, Experian’s latest Commercial Pulse Report reveals significant trends shaping the retail sector:
🔹 25% increase in credit demand among retail businesses, as companies boost inventory for expected holiday sales.
🔹 Discretionary retail sectors like home goods face tighter lending, while Consumer Electronics and Department Stores are nearing pre-pandemic credit levels.
🔹 Retail delinquency rates and charge-offs are rising, putting pressure on commercial credit scores.
These insights highlight both opportunities and challenges for retailers navigating today’s economy. Check out the full report to see how these trends could impact your strategy!
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Experian's Clarity Services Q3 2024 Insights Report
Dive into Experian Clarity Services' latest quarterly report on alternative financial services (AFS). Our comprehensive analysis of key metrics and scores offers valuable insights into consumer behavior in the AFS sector.
This quarter's report covers:
- Application Trends
- Consumer Behavior
- Loan Performance and Originations
Elevate your understanding of the AFS industry. Access the Experian Clarity Services Quarterly Insights Report now to uncover insights that fuel success in today’s dynamic financial landscape.
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Landing the Plane - Key takeaways from the September 2024 Jobs Report
The better-than-expected September Jobs Report adds to the list of data that suggests the U.S. economy is heading for a soft landing. While challenges remain, the current backdrop is one of strong economic activity, a solid labor market, and a more accommodative Fed. Get North America Chief Economist Joseph Mayans’ charts and key takeaways on recent developments.
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State of Gen Z
Explore Gen Z's habits and attitudes toward credit, personal finance, marketing, fraud and more.
Gen Z fast facts:
- There are 69.3 million Gen Z-ers in the United States.
- They spend six or more hours per day on their cell phones.
- They collectively demand purpose and accountability from brands they interact with.
They demand the creation of more opportunities for people of diverse and underrepresented backgrounds. Lack of financial resources and funding options are seen as barriers in achieving their goals.
Source: Statista, McKinsey & Company.