📊 Consumer Concerns About Housing Costs 🏠 The TransUnion 2024 Debt Collection Industry Report reveals that 47% of consumers rank housing costs as one of their top three financial concerns. 💡 Insight: Understanding consumer challenges helps tailor engagement strategies to meet their needs. 📖 Learn more about consumer priorities at https://zurl.co/RkRn0. 📢 How are you adjusting strategies to address consumer concerns? Share below! 🌟 Suggested Graphic: A pie chart showing the distribution of consumers’ top financial concerns. #ConsumerInsights #EngagementStrategies #ReceivablesInfo #FactFriday

💡Beyond Price: The Power of Quality Ratings in Financial Decision-Making 📊 In my last post, I shared that while price came out on top when consumers choose financial products, quality came second, and that’s where the opportunity lies.   Think about how we choose a home.   Before signing anything, most of us check the Energy Efficiency Label, that simple A–G rating that that turns complex information about a home into something that everyone can use to make better choices.   We don’t need to be experts in insulation or heating systems, the label does the hard work for us.   Now imagine applying that same clarity to financial products.   That’s what Defaqto Star Ratings do.   They take complex product features and translate them into an independent, easy-to-understand measure of quality, from ⭐ to ⭐⭐⭐⭐⭐.   For consumers, it means smarter, more confident decisions.   For insurers, banks, and distributors, it’s a way to evidence product strength, support compliance, and stand out beyond price.   Because just like home buyers rely on efficiency labels, financial customers deserve the same transparency when choosing the products that protect their homes and their finances.   #Insurance #Banking #FinTech #ConsumerTransparency #CustomerExperience #ProductQuality #MarketInsight

In a shifting deposit landscape, community financial institutions face tougher competition, tighter margins, and higher customer expectations. Our latest insights paper outlines five proven focus areas and practical strategies for growing and retaining deposits—while maintaining profitability and fostering deeper relationships. Gain the insights you need to strengthen your deposit strategy today: https://lnkd.in/ek-DiJKe #industryinsightspaper #profitability

This video breaks down credit card utilization and why it matters. Understanding how credit card balances impact credit scores is crucial. Effective management involves keeping balances low and paying on time. Ignoring utilization can significantly hurt creditworthiness. Smart credit management is a foundational element of financial health. #CreditCardUtilization #CreditScores #CreditManagement #CreditRepair #BusinessFunding #CreditYoda #CreditFaithandWisdom

Access the FCA Financial Lives Survey — now with 2024 survey data! 📊 The Financial Lives Survey, conducted by the Financial Conduct Authority, gathers detailed data on levels of product ownership, in retail banking, retail investment, savings, credit including mortgages, general insurance and protection, and pension products. The datasets include anonymised individual responses from the 2024 survey (approximately 18,000 individual level records from across the UK), and a tracker file of anonymised responses from the 2017, 2020, 2022 and 2024 surveys for those variables that can be tracked from wave to wave. The survey data include demographic details and are accompanied by comprehensive guides and reference materials for effective usage. Find out more about the FCA Financial Lives Survey datasets and how to access the data 👇 https://lnkd.in/ev_rd37r   

In a market full of noise, finding the right signals matters more than ever. Credit score modernization has introduced a wave of mixed messages for lenders and sorting through them isn’t simple. The credit ecosystem is shifting quickly, and with it comes uncertainty, ambiguity, and competing interpretations. At Xactus, our focus is helping lenders cut through that noise. We work closely with clients to clarify what the changes really mean, how to use the right data at the right time, and how intelligent verification can reduce waste, improve cost efficiency, and strengthen decision confidence. Our recent conversation with HousingWire reflects that commitment. Transparency matters. Education matters. And supporting our clients as the industry evolves is central to why our Intelligent Verification Platform exists. Diego Sanchez hosted Shelley Leonard, and Sasha Stair, CMB® for a thoughtful conversation on this topic that affects every part of the housing ecosystem. Together, we’re working toward a smarter, clearer, more efficient future for our industry.

Our COO Craig Ungaro shares his perspective in HousingWire with Sarah Wolak on how lenders are optimizing credit report usage and vendor contract management to compensate ahead of the FHFA’s changes to reporting models.   Read the full story: https://lnkd.in/e2GwStx7  

This video addresses strategies for effectively managing credit card payments. Consistent monitoring and timely payments are crucial. Explore methods to streamline payments and maintain a healthy credit standing. Understanding the terms and conditions associated with credit cards can lead to informed financial decisions. #CreditCard #FinanceTips #PaymentManagement

Adding someone to a credit card can offer benefits like higher credit limits and establishing credit history. It’s a way to potentially improve credit scores and access greater financial resources. However, responsible credit management is key. Choosing the right card and understanding the implications of shared credit is vital to avoid financial pitfalls. Consider the potential risks and rewards before making a decision. #CreditCard #CreditHistory #FinancialLiteracy #CreditManagement

Gen Z is redefining credit from a safety net to a stepping stone. New PYMNTS Intelligence and i2c Inc. data show credit building is the top reason young consumers seek new cards, proving that smart credit use is now a financial growth strategy. Read the full report: https://hubs.ly/Q03ScbT90