Gen X-ers Bogged Down with Too Much Debt
Jeff Berman, in a September 10, 2019 article in thinkadvisor.com, writes that Gen Xers (age 39 to 54) are struggling with debt so overwhelming that they are not saving for retirement. These people need to be watched by lenders.
Not all members are equal when it comes to loan risk. Credit unions need to be sure that they price for the level of risk each individual borrower poses.
TCT Risk Solutions provides its clients with one of the best methods for pricing risk into every individual borrower’s loan with its Risk Based Loan Pricing tool.