TruStage News Archives

How do loan delinquencies affect your business?

How do loan delinquencies affect your business?

In today’s shifting consumer finance market, loan delinquency remains a significant concern for both lenders and borrowers alike. As economic conditions fluctuate and societal dynamics shift, understanding the intricacies of delinquency rates across various [...]

Helping members prepare for homeownership

Helping members prepare for homeownership

Preparation is paramount for first-time homebuyers embarking on the journey of homeownership—especially for members in underserved populations and communities who may be the first in their families to purchase a home. Fortunately, credit unions [...]

How economic pressures can impact digital lending today

How economic pressures can impact digital lending today

Lending is the lifeblood of the economy, facilitating investments, consumption and economic growth. However, lending activities are inherently tied to the prevailing economic conditions, with shifts in economic indicators impacting borrower behavior, creditworthiness and lender [...]

The ripple effect of default payments on digital lenders

The ripple effect of default payments on digital lenders

Digital lending platforms have emerged as financial industry game-changers, revolutionizing the way people access credit. These platforms offer unprecedented convenience and accessibility, helping make loans available at the click of a button. However, as with [...]