10 Years Later: How the Great Recession Has Created Opportunities in the Telecommunications Services Sector

Thursday, June 20, 2019 - 3:00am

10 Years Later: How the Great Recession Has Created Opportunities in the Telecommunications Services Sector

Last October we marked the 10-year anniversary of the Great Recession.  It was a perfect time to review its impacts across various consumer segments and revisit the reactions of wireless carriers and communications service providers in how they choose to extend credit to consumers. In doing so we can better understand the lingering impacts of the Great Recession including how this historic crisis changed consumer economic profiles and now introduces new opportunities to identify hidden credit worthy segments. Equifax will present a ten year longitudinal study that highlights consumer segments by age and life stage and the changes in both their credit profiles and financial capacity ratings.  Results from the study suggest that an agile credit policy can benefit from multiple data insights to supplement credit scoring. The reach of the Great Recession is long and in some cases subtle, resulting in unidentified opportunities to extend credit to worthy consumers so they can upgrade devices and plans.

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