As a US Army Green Beret, I’ve said those words more times than I care to remember. That’s because we tend to have a bad habit of getting surrounded by the enemy on purpose. You see, Green Berets parachute in below the noise and then we offset away from the chaos. Then we walk in […]
Borrower engagement is crucial for maintaining healthy financial relationships and ensuring timely bill payments. But what exactly is borrower engagement? It’s the level of involvement and interaction between borrowers and lenders throughout the loan lifecycle. When it comes to bill payment, engaged borrowers are more likely to stay on top of their obligations, reducing the […]
AFSA’s State Government Affairs team released a joint comment letter earlier this week to California’s Assembly Judiciary Committee in regards to Assembly Bill 2228 and vehicle repossessions. The letter emphasizes that the bill’s proposed language allows repossession agencies in California to charge any fee for retrieving personal property from repossessed vehicles, contrary to federal consumer […]
Consumer Lending by the Numbers
13.7 MILLION consumers hold a traditional installment loan
13.7
million
consumers hold a traditional installment loan
82 MILLION consumers in the PRIME VALUE or better risk tier
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