Preparing for an Economic Downturn

From Confusion to Clarity:
Helping Companies Build Resilience


We can’t predict if a recession is coming or not. What we do know is uncertain economic conditions are affecting consumers and businesses differently. Some are struggling, while others are thriving, creating an environment of hidden risk and hidden opportunity.

Economic indicators point to the need for recession planning

Increase in consumer borrowing year over year

Increase in some delinquencies

Jump in monthly debt commitment from lifting student loan accommodations

With the right data, analytics, and expertise you can:

  Limit Risk

 

 Monitor market trends and improve the accuracy of your forecasts for better business decisions

 Analyze accounts more frequently to prevent losses

 Look beyond credit scores (e.g., debt-to-income) to identify risky populations

 Use real-time notifications to quickly react to changes in customers’ financial situations - minimizing exposure

 Find Growth Opportunities

 

✔ Identify customers with the most opportunity for growth

✔ Target affluent consumers for new relationships

✔ Use financial capacity insights to optimize cross-sell opportunities

✔ Optimize prescreen campaigns based on a wider view of household finances

Market Pulse

 Join Equifax for monthly Market Pulse webinars

Top experts discuss the impact of economic headwinds on your business. 

Our Experts Help You Put It All Together- Recession Planning Options

Now is the time to be proactive. Be recession-ready throughout the business cycle.

  1. Implement risk management strategies to optimize risk mitigation and create opportunities across all your products and services.
  2. Use data-driven insights to review risk across the customer lifecycle.
  3. Incorporate relevant market trends, insights, and updates across economic, technological, and regulatory environments.
Video

Student Loans: 3 Things You Need to Know

How are you preparing for the end of student loan accommodations? Understand the impact on borrowers and learn how to read the warning signs of financial distress.

Video

Resources

Contact Us  

Connect with our sales team for products and solutions tailored to your recession planning needs.

Actionable Insights, Easy Implementation

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