Lots of cash advance clients have actually good credit: TransUnion

Lots of cash advance clients have actually good credit: TransUnion

(FactorTrust has a “give getting” model — lenders offer trade line reporting and get industry data. FactorTrust tracks data on 28 million individuals.)

When Liz Pagel and Matt Komos began analyzing a slew of alternate credit information collected by FactorTrust, a credit that is alternative TransUnion acquired just last year, they desired to know the behavior of customers whom use pay day loans, pawnshop loans, automobile name loans, rent-to-own plans and “buy here, pay right right here” credit.

“We actually desired to see whom could be an improved credit danger than one might think,” said Pagel, vice president in TransUnion’s economic services business product. Читать далее