Finance Blog
Author Archive for Janet Dedrick
Janet Dedrick is a Strategic Consultant with the Equifax Analytical Center of Excellence. Janet covers US Consumer credit trends reporting and analysis in addition to supporting Equifax client analytical initiatives. Prior to Equifax, Janet worked in the financial services industry in various roles, including risk management and banking regulatory policy areas. Janet holds an MBA from the University of Chicago.
Written by Janet Dedrick on May 6, 2013
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You may have thought your classroom days—and student loan debt—were behind you, but economic conditions have sent many of the unemployed and underemployed back to school. If you are planning to use student loans to finance new academic pursuits, it’s important to figure out now how you…
Written by Janet Dedrick on March 4, 2013
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As more people are paying off debt across the country, more of us are taking out loans than we have in recent years. Not including mortgages, loan originations increased from $659 billion in 2011 to $750 billion in 2012, according to a recent Equifax Credit…
As of the end of 2012, the average national credit score was 696, but the average score in some states was either far below or well above that number. If you live in Vermont or North Dakota, you’ll need a high credit score to keep…
Written by Janet Dedrick on December 10, 2012
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Home equity revolving lines of credit have hit a three-year high, indicating that there is some confidence returning to the real estate market. These lines of credit had taken a major hit over the course of recession, as many homeowners watched their home values plummet….
Written by Janet Dedrick on December 10, 2012
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Delinquency rates are down over last year across nearly all forms of credit, except one—student loan debt, where delinquency rates are on the rise as people struggle with paying off debt. Third-quarter delinquencies for auto loans, consumer finance, credit cards, mortgage loans, home finance, and…
Written by Janet Dedrick on October 4, 2012
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What did the financial crisis, the burst of the real estate bubble, and soaring unemployment do to American credit scores? As it turns out, not much. While individual credit scores may have seen significant changes, the median credit score has not significantly shifted. The median…
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