"The arena of credit scoring and credit monitoring is one rife with contradictions. Consumers overwhelmingly recognize the importance of building and maintaining good credit, and while most make a regular habit of checking their scores, many US consumers admit they never do. Credit reporting errors occur frequently, but consumers are generally powerless to prevent such mistakes, and are left to their own devices in search of a remedy. Despite myriad ...
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Overview
Overview
This report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.
Executive Summary
Market
Market
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
The Market – What You Need to Know
Market Breakdown
Market Factors
Consumer
Consumer
Mintel's proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
The Consumer – What You Need to Know
Credit Monitoring Frequency
Interest in Credit Monitoring Services
Credit Monitoring Habits
Changes in Credit Score
Attitudes toward Credit Scores
Perceptions of Credit Scoring
Brand/Company
Brand/Company
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Key Players – What You Need to Know
What’s Struggling?
What’s Happening?
What’s Next?
Data
Data
Reports provide appendices of data to support the research and insight produced. Our tables of data are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
Appendix – Data Sources and Abbreviations
1st November 2018
“Fair Isaac Corporation, creator of the industry-standard FICO® credit score, is developing a new scoring model, dubbed UltraFICO™, which aims to extend credit to a greater number of potential borrowers, particularly those considered ‘subprime.’”
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Two thirds of consumers check their credit score more than once per year
