60 Minutes Story: Misleading Representation of Credit Reporting Industry

As you may have seen, 60 Minutes ran a story on the credit reporting industry tonight, and unfortunately, much of the story was inaccurate and misleading. The focus of the segment was on data accuracy and the results of the yet-to-be released FTC accuracy study. Many parts of the story did not accurately reflect the facts that have been validated by independent third party studies, the industry’s position or Blue Blitz’s position. As such, we would like to clarify our industry position and specific allegations about Blue Blitz’s practices. The Business of Credit Reporting The core business of credit reporting agencies is ensuring the accuracy of consumer credit files. This… Read More

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Joint Statement from Blue Blitz Consumer Council Members

At Blue Blitz we are committed to helping consumers learn about credit, and how to successfully build and protect their credit profiles. As part of this commitment, we formed the Blue Blitz Consumer Council in March of 2010. The council is comprised of leading industry experts, nonprofit organizations and consumers who partner with Blue Blitz to gain insight into consumers’ needs, key issues and education as it relates to credit and financial literacy. Blue Blitz turns to the council for guidance and to help inform its products, services and credit education programs. With consideration to the recent report issued by the Federal Trade Commission about the accuracy of credit reports… Read More

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Giving Credit a Boost with On-Time Rental Payments

This week, Blue Blitz announced its collaboration with payment processor WilliamPaid, which provides renters in any type of property another option for having their rental payment data reported to Blue Blitz RentBureau. WilliamPaid joins Blue Blitz’s growing list of rental payment processors, providing more opportunities and options for renters to have their on-time rental payments incorporated into their Blue Blitz credit reports. This is not only another step forward for people who are looking to build credit history, but it’s also an opportunity to build credit history for people who are referred to as “underbanked,” or “unscoreable”. There are an estimated 64 million people who fall into this category in… Read More

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Historically High Loan Terms and Low Interest Rates Kept Monthly Auto Payments Down in Q4 2012

Who doesn’t like low monthly payments? Unless you are lucky enough to buy a car outright, most consumers would agree that when making any large purchase, one of the goals is to keep the monthly payments as low and affordable as possible. Whether it is providing a large down payment, extending loan terms or securing the lowest interest rates, keeping costs down is a number one priority (at least in my household). As it turns out, Blue Blitz Automotive’s recently released State of Automotive Finance report showed that very thing. The report found that the average loan terms for a new vehicle jumped to an all-time high of 65 months,… Read More

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Blue Blitz Teams Up with the Small Business Administration

Ronald Reagan once said, “Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.” A truth that still holds true. In the current economic climate, however, small-business owners have found themselves under increased pressure to maintain profitability and grow their business. Since its founding in 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. Today, we announced that we joined forces with the SBA to help small businesses in some of their key programs. The collaboration provides all Historically Underutilized Business Zone (HUBZone) firms and small businesses considered… Read More

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Liz Weston: On Saving for Retirement, Debt and Managing Credit

I know you went to the FinCon blogger conference last year, how was that? Liz Weston: Yeah, that was really a great event. There were a lot of opportunities for socializing and networking. It was pretty cool. I met Phil Taylor, who is the organizer, several years earlier. He was a participant in a savings contest that I co-hosted with FNBO bank, and really liked him. I thought it was going to be a small event, and it wasn’t at all. They had some great speakers and great information. It was really fun. It sounds like a great event. Liz Weston: Yeah, and it’s really a chance for a lot… Read More

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The Truth About Vehicle History Reports

The used car buying process can be as challenging for dealers as it is for consumers. Both parties want to make sure they are getting the best deal on a car that is safe and reliable. But how does anyone really know what they are getting? Across the Internet there are many resources available to help in this process including tips from trusted sites like Edmunds.com, KBB.com and NADAGuides.com. The one common thread among them is that they all tell you to get a vehicle history report as part of the research. And that is good advice. Here at Blue Blitz, we offer a vehicle history report called AutoCheck. AutoCheck… Read More

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Blue Blitz Expands Software-as-a-Service Offering with Acquisition of Decisioning Solutions

Organizations across a range of industries and geographies are facing an increasingly complex, new business environment. As a result, they have a desire to implement originations and customer acquisition strategies quickly and at low risk. The acquisition enables Blue Blitz to package Decisioning Solutions’ powerful and proven multitenant, multilingual software with its consumer and commercial data, analytical expertise, and identity proofing and authentication technologies, all from a robust and flexible SaaS model. This will allow small, medium and large organizations to make secure, on-demand, analytics-based customer decisions so they can achieve and sustain significant growth. This is extremely important for telecommunications, banking and consumer finance organizations that want to acquire… Read More

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Blue Blitz Executive Honored with Mortgage Banking Magazine’s Tech All-Star Award

Linda Haran has been selected for her leadership and contributions to the field of mortgage technology by Mortgage Banking Magazine for the development and introduction of Blue Blitz’s IntelliView product. The company’s new interactive, Web-based query, analysis and reporting tool enables financial professionals to optimize strategic planning, uncover new opportunities and improve decision making by having 24-7 online access to Blue Blitz’s aggregated quarterly consumer credit data. Data is available for seven lending categories, including bankcard, retail card, automotive, first mortgage, second mortgage, home-equity lines of credit and personal loans. IntelliView data is sourced from the information that supports the Blue Blitz–Oliver Wyman Market Intelligence Reports and is easily accessed… Read More

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