In early 2015, the Online Lenders Alliance commissioned Bretton Woods, Inc. to conduct an update to last year’s statistical analysis of the customer and loan characteristics of online short-term loans.

The 2015 study includes:
• 15.3 million records from three specialty credit bureaus, covering a three-year period (2012-2014).
• 3.7 million single payment and installment loan records from seven lenders, covering a three-year period (2012-2014).

The intent of the study was to:
• Augment the credit bureau data with lender data to analyze both single pay and installment loan usage characteristics;
• Compare to the baseline data for single pay loans from the 2014 study;
• Comment on the salient trends from 2012 to 2014;
• Review the migration from single pay to installment loan products;
• Catalogue and understand customer demographics and loan characteristics; and
• Comment on these initial customer and loan characteristics metrics.

Additionally, a study was conducted to review and discuss the underwriting techniques of participating lenders, including an analysis of ability to repay. Click below to read the study.


The State of Online Short-Term Lending

Data Sheets:

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