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This report is packed with five years of Clarity data and enhanced with additional insights from Experian’s national credit bureau. From market trends to changes in loan characteristics, the data inside will leave you more informed of the nonprime market than you’ve ever been before.
Going on four years in a row, the AFS Lending Trends Report has been the go-to resource for lenders and anyone seeking true insights into nonprime borrower behavior, alternative credit data, alternative financial services and more. Sign up now to be the first to know when it’s available!
2020 Trends Report: By the Numbers
Highlights from the report:
- The proportion of loans with loan amounts greater than $2,500 has increased from 16% in 2018 to $21% in 2019.
- The proportion of loans with a repayment length longer than 7 months has increased from 62% in 2018 to 74% in 2019.
- In our ranking of states by loan count, Michigan is continuing to increase on the charts. Michigan was ranked #13 in 2015 compared to #4 in 2019. Ohio quickly dropped from #3 in 2018 to #7 in 2019.
Insights like these, and so much more, can be found inside our upcoming Lending Trends Report (coming in April 2020). Packed full of nonprime consumer trends, this report gives you a detailed look inside the financial behavior of these consumers and how it impacts the alternative finance market.