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Equifax

More Auto Borrowers Struggling to Make Auto Loan Payments

Recent data points to more auto borrowers struggling to keep up with loans, but default rates remain below pre-pandemic levels.

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Taking a Multi-Tiered Approach to Fight the Growing Ways Fraudsters Operate

Businesses involved in the automotive industry are realizing there is no single-source tactic to fraud prevention and are taking important steps to cover all possible bases to thwart the rising threat of fraudulent activity.

Americans are Borrowing Again

As auto loans and credit apps rise, it appears Americans are more willing to take on debt.

Advanced Data Insights Provide Targeted Marketing for Your Customers and Fraud Protection for You

With advanced analytical insights, dealers and lenders have more power to reach consumers on a personalized level while also protecting against the threat of fraud.

Drive to Digital Demands Synthetic Identity Fraud Solutions

While instincts are important, it’s even more critical to have access to the right tools and technology that can help lenders spot synthetic identity fraud before it happens.

Equifax Appoints Lena Bourgeois as Automotive General Manager

Bourgeois brings a strong background in data and information technology systems to the position, critical as automotive dealers and lenders embrace a digital automotive experience and navigate a challenging economic environment.

Instant Verification Technology Helps Dealers and Lenders During COVID-19

Buying behaviors may change for a growing number of potential car shoppers, many who have lost jobs or been furloughed due to the economic fallout of the pandemic. As more lenders rely on advanced real-time data, they may mitigate risk and put themselves in a better competitive position.

Market Scan Appoints Jennifer Reid as Vice President of Strategic Partnerships

Automotive industry executive with proven track record to lead continued growth of Market Scan’s application programming interface solutions.

Auto Loan and Lease Activity Slows as Balances Grow

Equifax analysts say U.S. auto loan and lease originations declined 0.6% and 3.9% year-over-year in the first half of 2019, but balances for new vehicle loans were up 2.6%.

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Subprime Fell to Lowest Share Since 2011 in April

An Equifax review of auto finance data from the first four months of 2019 found subprime’s percentage of total originations fell to 22.7% for all purchases and 9.2% of new-vehicle leases.

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