NCC has launched Credit Abuse Risk, an Equifax-powered feature designed to assess intent to pay and identify default risk when the customer’s credit is pulled. +
Fitch Ratings analysts say the escalating cost to purchase and maintain a vehicle has pushed defaults, repossessions and the rate of loans more than 60 days past due to historic levels. +
Point Predictive’s latest Auto Lending Fraud Trends Report finds auto finance sources face an estimated $9.2 billion in loss exposure, fueled primarily by “first-party” credit application fraud. +
