Recent Posts by Kristen Hoyman

Expanded Payment Options Improve Auto Loan Performance

Expanded Payment Options Improve Auto Loan Performance

Are you using payment technology to manage your loan portfolio effectively? A 2019 Experian study shows auto loan debt is at a record high. As an auto lender, your first thought might be, “Well, of course. Cars are more expensive, and more people finance them now.”

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Managing Delinquencies in Subprime Auto

Managing Delinquencies in Subprime Auto

Delinquencies were increasing before the virus outbreak. What happens now? Even before the massive drop in economic activity due to COVID-19, there were signs of trouble brewing on the subprime loan side of the auto lending market. Now more than ever, it's important for subprime lenders to understand and effectively manage these delinquencies.

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Personal Loan Demand and COVID-19. What Now?

Personal Loan Demand and COVID-19. What Now?

Our appetite for borrowing only continues to grow, Coronavirus or not.

Debt levels are rising despite what has been eleven years of favorable economic performance. That was before the Coronavirus outbreak. Borrowing demand, however, is likely to remain strong, if not just a little delayed, despite the forced global slowdown.

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Why Credit Unions Should License Payment Technology

Why Credit Unions Should License Payment Technology

Does your credit union use technology to make things easier for members?

Mambu, Salesforce, Microsoft Office 360, Google G Suite, and Leasewave

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Payment Options for Millennial Borrowers

Payment Options for Millennial Borrowers

At this point, millennial borrowers probably make up a large portion of your customer base, so it’s important to understand their spending habits and priorities. The American Institute for Certified Public Accountants (AICPA) conducted a study of millennials and found 70% believed that financial stability was the ability to pay all their bills each month. So, according to millennials, stability means striving for zero payments due at the end of the month.

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Tax Season is a Huge Payment Opportunity for Auto Dealers & BHPH

Tax Season is a Huge Payment Opportunity for Auto Dealers & BHPH

Take advantage of one of the few times of year you KNOW your customers have money for both down payments and loan payments.

The average tax refund last year was $2,869, according to Marketwatch.

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Credit Unions & Fintech Firms: A Great Partnership Opportunity

Credit Unions & Fintech Firms: A Great Partnership Opportunity

Is Your Credit Union Keeping Up with Modern Technology?

Seventy-nine percent of credit union members would leave their credit union for a financial technology (fintech) firm for convenience and easy access to services.

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Speed of Payments: Which Payment Method is Fastest?

Speed of Payments: Which Payment Method is Fastest?

When people consider adding payment processing to their business operations, their first thought is credit and debit cards quickly followed by ACH and check processing. The truth is, there are a lot of options out there, and they all come with their own unique benefits.

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Launch Your Own Mobile Payment App

Launch Your Own Mobile Payment App

Make it easy for customers to pay and stay with your very own mobile payment app. People use their smartphones for so many things other than making actual calls. In a late 2017 Statista survey, almost one-third of smartphone owners reported that they use their phones to make calls either occasionally, seldom, or never.
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How Lenders Can Leverage Push Payments

How Lenders Can Leverage Push Payments

Merchant processing makes collecting on-time payments from borrowers easier and faster for consumer lenders. Consumer installment loans, typically provided by both the traditional storefront lenders and the newer online lending fintech companies, are attractive to borrowers for many reasons. 

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