Unsecured personal loans - etouches

[Pages:27]Unsecured personal loans

The past and the present

Introducing:

Chuck Robida Experian Eric Johnson Experian

Contents

1. Analysis 2. Default and payment trends 3. Origination trends 4. Conclusion 5. Q & A 6. Surveys

3 ?Experian 4/26/2017 Experian Public Vision 2017

Data gap

Marketplace lending

4 ?Experian 4/26/2017 Experian Public Vision 2017

"What's in a name? That which we call a rose by any other name would smell as sweet."

5 ?Experian 4/26/2017 Experian Public Vision 2017

Filling the gap

Person loan database

? Originations 2004-Q1 ? 2016-Q4 ? Total of 2.2 million loans and 17.5 million records ? Identified unsecured personal loans using:

? Kind of business ? Loan type ? Term ? Loan amount

? Quarterly data

? Consumer level

? Scores, ? Premier attributes

? Account level data

? Loan characteristics ? Performance

6 ?Experian 4/26/2017 Experian Public Vision 2017

Sample composition

? Features of marketplace loans

? Almost exclusively 36 and 60 month terms ? All reported as unsecured loans ? No joint accounts

? Plentiful representation in reported credit data

CREDIT UNION FINANCE CO BANK

MARKETPLACE

24-month 36-month 48-month 60-month 72-month 84-month

0% 20% 40% 60% 80% 100%

7 ?Experian 4/26/2017 Experian Public Vision 2017

Sample composition

CREDIT UNION

CREDIT UNION

FINANCE CO BANK

Unsecured Note Loan Installment

FINANCE CO BANK

Individual Joint

MARKETPLACE 0% 20% 40% 60% 80% 100%

MARKETPLACE 0% 20% 40% 60% 80% 100%

8 ?Experian 4/26/2017 Experian Public Vision 2017

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