Steer business growth with exceptional risk handling
U.S. car sales hit record levels in 2015, but it hasn’t been a joyride for the industry. You’re competing with more lenders, some with lower risk standards. Consumers are willing to take on more auto debt for a longer duration.1 Subprime car loan delinquencies recently hit a 20-year high.2 All of these dynamics are forcing regulators to step up reviews of lending practices.
Meanwhile, you still need to grow your book of business. Just not at the expense of risk or compliance.
LexisNexis Credit Risk Management gives you the capabilities to compete in a flooded lending market without letting up on your risk protocols and standards. Access our breadth of FCRA-compliant data resources to confidently grow and manage your business:
- Prospect beyond the credit bureau lists to cherry-pick low-risk candidates from the unscorable population
- Refresh data on customers to identify when more aggressive payment strategies are warranted
- Manage portfolio risk as the market changes
Contact us to learn more about our Credit Risk solutions for Auto Lenders.
1Yahoo! Finance, Strong car sales today could trigger the next downturn, 6/2/16
2CNNMoney.com, Unpaid subprime car loans hit 20-year high, 3/15/2016
- PowerView Score™
- Score more consumers using a one-stop solution for auto lenders
- Profile Booster
- Enhances marketing efficiency and lift with better prospect identification
- RiskView™
- Assess consumer creditworthiness and risk potential
- RiskView™ Liens & Judgments Report
- Retain your competitive edge without the added expense of recalibrating your models.
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