Your personal information is valuable.
When I liquidated vehicles for Capital One, we typically examined over 14,000 variables before lending out our money to a customer.
Any customer. A credit card. An automobile. A commercial loan. It didn’t matter. We needed to get to know the economics of you first.
All of the low rates and big profits were dependent on buying your personal information, and then crafting decision models and metrics to determine your personal risk.
Our success in auto finance generated low rates for our customers and low delinquencies for our investors. But they both could have been far lower.
Posted in Question of the Day
Tagged as auto finance, credit, deductible, Finance, Insurance, Lending, Question of the Day, Risk, Steven Lang
Tagged as auto finance, credit, deductible, Finance, Insurance, Lending, Question of the Day, Risk, Steven Lang
Recent Comments
bball40dtw - The Verano is not more refined than the ES or the MKZ. Lincoln doesn’t have a compact luxury car, but they probably will eventually. I’m sure it will...
redav - That would also be an excellent engine. Thanks for the heads up. I’ll keep an eye on it.
Lorenzo - Is this part of TARP – the Tarnished Asset Rinsing Program?
Summicron - After several re-reads I’ve concluded he’s dissing both the MI complex and EVs in general. With JB...
SC5door - They’re going to install a cross bar tow hitch if the vehicle doesn’t have one.
SC5door - So where exactly were they to place the tank at? The platforms at the time didn’t allow the tank to saddle over the drive shaft as they do now in the...
SC5door - They’re going to add a tow hitch to the back. Trucks that have a tow hitch will be sent on their way.
Lorenzo - It’s a trace gas with a claimed multiplier effect that hasn’t been proven. At least you’re calling it...
claytori - If that turns your crank, then you should check out the limitations on liability for the owners/operators of nuclear plants. The industry would not exist if...
nickoo - we examined that case in my engineering ethics class. The reason the pinto case was completely justified in my opinion: An internal Ford memo was leaked that...