Trends in Pandemic Consumer Lending

The pandemic has had an unexpected impact on subprime borrowers’ performance, and the lending market has continually adjusted as a result.  In today’s episode, Yieldstreet Private Business Credit Head of Underwriting Barbara Anderson and William Price, Executive Director at Hilco Global, take a deep dive into the potentially long-lasting impact of the pandemic on the consumer finance lending market. Click here to subscribe and listen: https://podcasts.apple.com/us/podcast/the-yield/id1527659260Key Takeaways:[3:11] Defining subprime borrowers and assessing the key metrics of their portfolios. [7:48] Performance differences between subprime secured and unsecured lending. [10:36] The unexpected impact of the pandemic on subprime borrowers’ performance. [14:51] Will the consumer cash high sustain or wear off in 2021? [18:36] The long-lasting impact of the pandemic on store-based retailers.[20:33] Current trends in store-based consumer finance companies. [23:36] Fraud prevention in online lenders versus in-person lenders. [23:57] Who enforces lender compliance and consistency with their own rules?[26:17] The importance of strategically adjusting the online lenders’ requirements that generate volume. Mentioned in This Episode:YieldstreetPrivate Business Credit