Posts Tagged ‘Consumer’
February 20, 2015 | 
Author Consumer Credit Reporting Services Procurement Category Market Research Report from IBISWorld has Been Updated
Los Angeles, CA (PRWEB) February 13, 2015
Consumer credit reporting services have a buyer power score of 3.4 out of 5, which reflects moderate negotiating strength for buyers. Demand for consumer credit reporting services has been rising in line with the recovering economy and growing borrowing activity by consumers. “Over the three years to 2014, buyers have continued to rely on vendors to gather and distribute historical credit information,” says IBISWorld procurement analyst Kiera Outlaw. “The ongoing need to evaluate consumer credit, coupled with easier access to credit, increasing aggregate household debt and strengthening consumer spending has been causing service prices to rise.” Prices are forecast to rise further in the three years to 2017. Although rising service prices have hurt buyers’ purchasing power, buyers have been benefiting from a low level of price volatility during the recent period.
The consumer credit reporting services market is moderately concentrated, with Equifax, Experian and TransUnion holding the majority of total market revenue due to their massive data networks and inter-bureau reporting arrangements. These major consumer credit reporting firms have also started to offer business credit reports and other related support services to expand their competitive positions. Nevertheless, the growing adoption of online credit reporting platforms has made it easier for other vendors to enter the market, including a number of specialty firms that focus on reporting nontraditional credit data. “Suppliers can obtain high profit margins in this market, presenting some opportunity for buyers to negotiate lower prices, particularly when bundling multiple services from a single supplier,” adds Outlaw.
Buyers face a mixture of risks and opportunities throughout the purchasing process. As a result, buyer negotiation power is negatively impacted by the lack of viable substitutes and switching costs that can arise due to a moderate level of service specialization. Alternatively, buyers benefit from a low total cost of ownership, short buying lead time, low supply chain risk and minimal chance of vendor default. For more information, visit IBISWorld’s Consumer Credit Reporting Services procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of consumer credit reporting services. Vendors in this market provide objective reports on each consumer’s credit history, which buyers can use to make informed business decisions. Insurance companies, human resources departments, property managers and institutional creditors request consumer credit reports. Individual consumers also purchase reports to evaluate their own credit standing and to address potential data errors. Consumer credit reports usually generate a score based on a consumer’s timeliness of payments, level of debt, credit history length and other relevant information sourced from public records. This report excludes credit counseling and credit card services.
Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Regulation
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Imports
Competitive Environment
Market Share Concentration
Market Profitability
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics
About IBISWorld Inc.
IBISWorld is one of the world’s leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
More Debt Press Releases
NFCC Provides Snapshot of Typical Consumer Seeking Financial Counseling
Washington, DC (PRWEB) May 22, 2014
Mid- year is often a time when many evaluate where they stand financially. To help consumers measure their financial health, the National Foundation for Credit Counseling® (NFCC) has provided a picture of the typical consumer who came to an NFCC member agency for financial counseling in 2013, and encourages consumers to use this information as a financial check-up tool, benchmarking their situation against those who self-identified as being in need of financial guidance.
“More than 1.5 million consumers reached out to an NFCC member agency last year for answers and solutions to their financial concerns around debt, housing, budgeting and bankruptcy. Examining their financial profile can provide guidance for others, helping them determine their own level financial wellness,” said Gail Cunningham, spokesperson for the NFCC.
Consider some of the red flag characteristics of consumers who sought financial counseling from an NFCC member agency in 2013:
The number one reason to seek counseling was “poor money management,” eclipsing “reduced income” which had held the top spot since 2009. Why a red flag: An improving economy may put more money in people’s pockets, but if not managed properly, it can still result in financial distress.
The age of the majority of consumers was fairly evenly divided between 25-54, with young adults in the 25-34 age group leading the way (24%), followed by the 35-44 range (23%), and the 45-54 group (21%). Why a red flag: Financial problems can occur at any stage in a person’s adult life which, if left unaddressed, can begin a negative spiral from which it can be difficult to recover.
The average household take-home income was $ 35,081, with an unsecured debt of $ 17,548, resulting in an unsecured debt to income ratio .50. Why a red flag: Owing too much relative to your income resulting in a high debt-to-income ratio not only makes it harder to meet all debt obligations, but can hinder future borrowing.
Consumers seeking help carried an average of 5.7 credit cards. Why a red flag: The number of credit cards a person has is not as important as how they manage them. Whatever the number of cards, maxing out the lines of credit will likely harm a person’s credit score.
“Consumers are smart to contact a trusted organization for financial help,” continued Cunningham. “However, the one mistake many of them have in common is that they wait too long to reach out for assistance. Delaying taking action allows the problem to escalate, often causing financial damage that could have been prevented.”
Consumers who recognize similarities between their situation and those who sought assistance from an NFCC member agency should follow their lead and take action now. To be automatically connected to the office closest to you, dial (800) 388-2227, or for assistance in Spanish call (800) 682-9832. Inquire about the NFCC’s Sharpen Your Financial Focus™ program which has helped tens of thousands of people find solutions to their financial problems. To learn more about what the program has to offer, visit http://www.SharpenToday.org or http://www.agudicehoy.org.
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The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services. NFCC Members annually help millions of consumers through more than 600 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit http://www.nfcc.org. Visit us on Facebook: http://www.facebook.com/NFCCDebtAdvice, on Twitter: twitter.com/NFCCDebtAdvice, on YouTube: http://www.YouTube.com/NFCC09 and our blog: http://financialeducation.nfcc.org/.
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Posted in Debt | 
Tags: Consumer, Counseling, Financial, NFCC, Provides, Seeking, Snapshot, Typical | 
4 Comments »
Consumer Reports Reveals the Best Used Cars and Ones to Avoid
YONKERS, NY (PRWEB) March 13, 2014
With prices at historic highs – even for models with high mileage and seemingly excessive wear – and with so many vehicles from which to choose, shopping for a used car can be a challenge. To help Americans choose the best used car for their money, Consumer Reports compiled a Best & Worst Used Cars list for model years 2004 through 2013.
The full report is available in Consumer Reports’ Annual Auto Issue, which is on newsstands now, and at the 2014 Autos Spotlight page on ConsumerReports.org. Highlighted are the best small cars, sedans, and SUVs available in four price ranges: from $ 10,000 or less up to $ 25,000. Each performed well in CR’s testing when new and had above-average reliability for the model years shown, based on CR’s Annual Auto Survey. And all models came standard with electronic stability control (ESC).
“When shopping for a used car, it’s really important to find a car that drives well and will hold up down the road. Our guide makes it easy for shoppers to choose a great used car by highlighting the best small cars, sedans, and SUVs in four different price ranges,” said Rik Paul, auto editor, Consumer Reports.
In the $ 15,000-$ 20,000 price range the following cars made Consumer Reports’ list of best used cars:
SMALL CARS: 2012-13 Hyundai Elantra and 2011-13 Subaru Impreza
These are as roomy and as comfortable as larger, more expensive cars. The Elantra combines nimble and secure handling with a fairly comfortable ride. The Impreza sedan and hatchback both offer standard all-wheel drive along with sporty handling and a great ride.
SEDANS: 2011-12 Toyota Camry, 2010-11 Toyota Camry Hybrid, and 2008 Acura TL
Both the four- and six-cylinder Camry deliver impressive fuel economy along with a comfortable ride, a roomy cabin, and superb reliability. For even better gas mileage, the Camry Hybrid gets 34 mpg overall and 41 on the highway. A sportier alternative is the Acura TL, which has long been one of our favorite sedans to drive.
SUVs: 2006-07 Lexus RX and 2009-10 Subaru Forester (nonturbo)
The Lexus RX is comfortable, nicely finished, and extremely reliable. The hybrid version gets good fuel economy. The Forester is more utilitarian but handles well and has an excellent ride. Access is easy, and the view out is the best among SUVs.
The Consumer Reports used cars to avoid list includes 2004 to 2013 models that have had multiple years of much-worse-than-average overall reliability, according to CR’s Annual Auto Survey. Among the more than twenty models that made the list are the BMW X5 (6-cyl.), Chrysler Town & Country, Ford Fiesta, and Volkswagen Beetle.
For more information on used cars pick up a copy of Consumer Reports’ April Annual Auto Issue, which is available on newsstands now wherever magazines are sold, or visit the 2014 Autos Spotlight page on ConsumerReports.org.
Consumer Reports is the world’s largest independent product-testing organization. Using its more than 50 labs, auto test center, and survey research center, the nonprofit rates thousands of products and services annually. Founded in 1936, Consumer Reports has over 8 million subscribers to its magazine, website and other publications. Its advocacy division, Consumers Union, works for health reform, food and product safety, financial reform, and other consumer issues in Washington, D.C., the states, and in the marketplace.
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MARCH 2014
© 2014 Consumer Reports. The material above is intended for legitimate news entities only; it may not be used for advertising or promotional purposes. Consumer Reports® is an expert, independent nonprofit organization whose mission is to work for a fair, just, and safe marketplace for all consumers and to empower consumers to protect themselves. We accept no advertising and pay for all the products we test. We are not beholden to any commercial interest. Our income is derived from the sale of Consumer Reports®, ConsumerReports.org® and our other publications and information products, services, fees, and noncommercial contributions and grants. Our Ratings and reports are intended solely for the use of our readers. Neither the Ratings nor the reports may be used in advertising or for any other commercial purpose without our permission. Consumer Reports will take all steps open to it to prevent commercial use of its materials, its name, or the name of Consumer Reports®.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Posted in Derivatives | Tags: Avoid, Best, Cars, Consumer, Ones, Reports, Reveals, Used | 6 Comments »
This video explores the concepts of consumer and producer surplus within micro markets.
Consumer Reviews Hub MyReviewsNow.net Features Fall into Savings Sale on Auto Parts at AutoPartsWarehouse.com
Las Vegas, NV (PRWEB) September 15, 2012
Mechanics, garages, DIYers and anyone else who wants to save big when they shop online for auto parts can now head to consumer reviews hub MyReviewNow.net, and take advantage of the huge Fall Into Savings Sale on now at their affiliate partner, autopartswarehouse.com.
Until September 28, 2012, people who shop online for select PEAK Electronics
AutoPartsWarehouse.com will save up to $ 40 on GPS navigation systems, GPS windshield mounts, AMP power stations, garage parking sensors, mobile power strips, and watt cup inverters. Full details are available at AutoPartsWarehouse.com, including the mail-in rebate form.
“With gas prices heading upwards, we could all stand to save some money on auto parts and accessories,” commented Lina Andrade, Affiliate Relationship Spokesperson from MyReviewsNow.net. “And now, until September 28, people who shop online at AutoPartsWarehouse.com’s Fall Into Savings Sale will save up to $ 40 on fantastic PEAK Electronics items. But they’d better hurry – once the sale is over, there’s no telling when these kinds of deals will be offered again!”
Mechanics, garages, DIYers and even folks searching for gift ideas for the car lovers in their life, can explore AutoPartsWarehouse.com’s limited time sale via MyReviewsNow.net’s Auto Parts & Services Portal. They can also read helpful consumer reviews left by other shoppers, and enjoy free shipping on orders over $ 50. Further, consumers can also visit wheretobuytires.com for information regarding tire purchases.
For more information or media inquiries, contact Lina Andrade at info(at)myreviewsnow(dot)net. Press release issued by SEOChampion.com.
About MyReviewsNow.net
An Internet superstore of auto parts, services, products and publications available online, MyReviewsNow.net is an Internet travel agent and business directory that sets itself apart from similar sites by offering both professional reviews and consumer reviews on the Internet’s hottest offerings in a fun, simple format that is easy for visitors to shop online and enjoy. Plus, MyReviewsNow.net is 100% free, open 24/7, and the best way avoid crowded malls and parking lots.
About SEO Champion
SEO Champion was started in 1999 and is owner operated by Michael Rotkin, SEO Specialist for over 17 years. Michael Rotkin’s goal for his clients is to “own” keyword placements for the top 3 slots organically, so that his clients can earn a higher return on investment from their advertising dollars. Rotkin realizes the value of SEO over Pay-Per-Click campaigns, where click-throughs are generally more expensive and harder to convert into sales. SEOChampion’s intense work ethic can be seen in daily and weekly reports that show progress through organic keyword gain. This effort is the reason his SEO firm has been able to build a loyal client base for many years. Learn more at SEO Champion.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Posted in General | Tags: Auto, AutoPartsWarehouse.com, Consumer, Fall, Features, into, MyReviewsNow.net, Parts, Reviews, Sale, Savings | 6 Comments »
Statman, Harris & Eyrich, LLC Announces Investigation into Credit Reporting Agencies’ Practices in Correcting Errors in Consumer Reports
Cincinnati, Ohio (PRWEB) August 25, 2012
The law firm of Statman, Harris & Eyrich, LLC announces an investigation on behalf of consumers into the activity of credit reporting agencies in connection with the agencies’ practices in timely correcting errors in consumers’ credit reports. Credit reporting agencies such as Equifax, Experian®, and TransUnion® track consumer credit history and payment records and analyze the information to determine the risks posed by extending credit to the consumer for any kind of loan. Additionally, credit reports may impact eligibility for rental housing, the amount of deposits required for utility or telephone service, and premiums for auto or homeowners’ insurance. Pursuant to the Fair Credit Reporting Act (FCRA) 15 U.S.C. § 1681 et seq., credit reporting agencies have, in general, thirty days to correct errors on consumer reports.
Specifically, the investigation focuses on problems consumers encounter in trying to resolve disputes about the information contained in their credit reports. Reported information includes financial credit history, civil judgments, liens, and bankruptcies. According to remarks made by Richard Cordray, Director of the Consumer Financial Protection Bureau, on July 16, 2012 during a field hearing in Detroit, Michigan, “the collateral consequences of mistakes can greatly harm consumers. The wrong information may cause them to be denied a loan, to be charged a much higher interest rate, or to be passed over for a job, causing them serious economic hardship.”
Individuals who have been denied credit, denied credit on favorable terms, or suffered other economic hardship due to the failure of a credit reporting agency to timely correct credit reporting errors who wish to discuss this investigation with an attorney, are encouraged to contact Jeffrey P. Harris, Esq. at (513) 345-8181 or via e-mail at jharris(at)statmanharris(dot)com for further information without any obligation or cost.
Statman, Harris & Eyrich, LLC, which has significant experience in complex litigation, including consumer and securities fraud class actions and derivative litigation, has offices in Chicago, Illinois; Cincinnati, Ohio; Dayton, Ohio; and Sarasota, Florida. http://www.statmanharris.com Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Statman, Harris & Eyrich, LLC
Jeffrey P. Harris, Esq.
441 Vine Street, Suite 3700
Cincinnati, Ohio 45202
Phone: (513) 345-8181
E-mail: jharris(at)statmanharris(dot)com
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Posted in Derivatives | Tags: Agencies, Announces, Consumer, Correcting, Credit, Errors, Eyrich, Harris, into, Investigation, Practices, Reporting, Reports, Statman | 3 Comments »