While it’s true people drove fewer miles during COVID-19 quarantines, their vehicles — and the loans that they secure — are still vitally important. Unfortunately, many auto owners are facing pandemic-related economic hardships that make paying those vehicle loans especially difficult. If you’re a buy here, pay here (BHPH) dealer, […]
3 CFPB Auto Lending Trends Impacting Credit Scores Today
November 1, 2019 By Leave a Comment
The mission of the Consumer Financial Protection Bureau (CFPB) is to protect consumers from unfair, deceptive, or abusive credit practices. However, the CFPB isn’t just a great resource for consumers. The information the CFPB gathers also helps those who are in the business of extending credit to consumers. The CFPB […]
Datalinx Set for NABD/NIADA Conference in Chicago in October
September 27, 2019 By Leave a Comment
BOTHELL, Wash. (Sept. 25, 2019) – Datalinx LLC, a dedicated group of credit reporting specialists, is preparing for its inaugural exhibitor experience at the NABD/NIADA Conference set for Oct. 7-9 in Chicago. The Buy Here, Pay Here Subprime Conference is an annual event that brings multiple aspects of the used […]
Take Your Automotive Loan Reporting on a Test Drive
August 7, 2019 By Leave a Comment
One of the fastest ways to determine a consumer’s loan risk is to research his ability to repay an automotive loan. Late payments? Missed payments? Refinancing? It’s all there on credit reports, and it can determine if the risk of making the loan is worth it. So how do you […]
Auto Loan Credit Reporting – Do I Use a Carrot or a Stick? Part Two
November 8, 2018 By Leave a Comment
Choosing the carrot is a common choice for auto loan credit reporting. What happens when the stick or negative reinforcement is the answer? Sometimes, consumers respond to these “stick” tactics as payments become late or missed altogether. Communicating About Interest Rates The initial stick is the realization that interest rates […]