Insider Secrets: 70 KPIs Top Subprime Lenders Use to Dominate the Market!
As a highly regarded consultant in the B2C subprime lending industry, I understand the importance of tracking various key performance indicators (KPIs) to maximize loan portfolio performance, minimize subprime borrower defaults, and earn a maximum return on investment (ROI) on balance sheet capital. Below is a comprehensive list of 70 critical KPIs for subprime lenders: […]
Leveraging the Refinancing Rate [RR]: A Powerful KPI for Subprime Lenders
Introduction The Refinancing Rate (RR) is a crucial Key Performance Indicator (KPI) for subprime lenders seeking to understand their loan portfolio’s performance. The RR reveals the proportion of loans that get refinanced within a specific period, providing valuable insight into the sustainability of your portfolio. The Importance of Refinancing Rate The Refinancing Rate [RR] is […]
KPI: Cross-Sell Ratio [CSR] for Subprime Lenders
Boost Your Bottom Line: Cross-Sell Ratio Tactics for Subprime Lenders Definition and Precise Measurement of CSR: The Cross-Sell Ratio refers to the ratio of the number of products or services sold per customer. It measures how effectively you can increase the number of services or products a single customer uses. For your lending institution, it measures […]
Subprime Lender Loan Charge-Off Rate (LCR) – Definition and What It Measures
Loan Charge-Off Rate (LCR) – Definition and What It Measures The Loan Charge-Off Rate (LCR) is a Key Performance Indicator (KPI) that quantifies the rate at which a lender’s loans are deemed unlikely to be recovered and written off as a loss. It measures the risk and effectiveness of a lender’s credit decisions and recovery […]
Supreme Court Rocks the Boat: Native American Tribe Lenders Subject to Bankruptcy Laws
In the case of Lac du Flambeau Band of Lake Superior Chippewa Indians v. Coughlin, the Supreme Court ruled that Native American tribes are subject to bankruptcy laws like any other creditors. Lac du Flambeau Band owns an online payday lending operation and argued that their sovereign immunity excluded them from an automatic stay of […]
The $500 Loan That Shook the Financial World: An Allegory of Hope and Resilience
I Had a Dream That Shook the Financial World Once upon a time, in a bustling town filled with towering buildings and busy streets, there lived a humble individual named Alex. Alex had always been a hardworking soul, dedicated to his job and striving to make ends meet. However, life had thrown a series of […]
Lifesaver Credit Solutions for the Subprime
Consumer Lending: innovative marketing tactics, scaling loan originations, minimizing FTPDs, and achieving a superior ROI.
Maximizing Results: How AI-Driven Persuasion is Transforming Call Center Debt Collection
Unraveling the Art of Persuasion: The Cozy Alliance of Persuasion and AI in Revamping Debt Collection Call Centers Debt collection is a tricky business, and for those hardworking folks at call centers, mastering the gentle art of persuasion is absolutely vital. Picture this: call center agents smoothly chatting away, employing just the right persuasive techniques […]
Interest Rate Caps Make Loans Less Available to Subprime Borrowers
Illinois’ imposition of an all-in annual percentage rate (APR) cap of 36% on loans under $40,000 from nonbank and non-credit-union lenders resulted in fewer loans being available to subprime borrowers. Nearly 80% of respondents in an online survey of small-dollar credit customers in Illinois conducted about nine months after the imposition of the Illinois rate […]