TransUnion, Chicago, said consumers are increasingly turning to credit to manage their household budgets in the current economic environment, leading to record- or near-record high balances in credit cards and unsecured loans.
Tag: Joe Mellman
Inflation Spurs Consumers to Credit Cards, Home Equity
TransUnion, Chicago, said amid rising interest rates and high inflation, the fourth quarter saw consumers continuing to look to credit as a means to help stave off financial pressures.
Despite Challenges, 1Q Consumer Credit Health Stays Strong
Rising interest rates and increased prices of goods and services placed pressure on the consumer wallet in the first quarter. Despite the challenges, consumers remain well positioned from a consumer credit perspective, according to the Quarterly Credit Industry Insights Report from TransUnion, Chicago.
TransUnion: Recent Vintage Loans Perform Well Even as More Non-Prime Consumers Gain Credit
TransUnion, Chicago, said consumer credit performance maintained healthy levels across auto, credit card, personal loans and mortgages in the fourth quarter even as lenders continued to ramp up new account origination growth in the non-prime segment of the market.
Sponsored Content from TransUnion: How LMI Consumers Can Grow Your Market Share and Revenue
A new TransUnion study analyzes the creditworthiness of the LMI consumer segment and how lenders can grow market share and revenue.
Sponsored Content from TransUnion: How LMI Consumers Can Grow Your Market Share and Revenue
A new TransUnion study analyzes the creditworthiness of the LMI consumer segment and how lenders can grow market share and revenue.
Sponsored Content from TransUnion: How LMI Consumers Can Grow Your Market Share and Revenue
A new TransUnion study analyzes the creditworthiness of the LMI consumer segment and how lenders can grow market share and revenue.
Sponsored Content from TransUnion: How LMI Consumers Can Grow Your Market Share and Revenue
A new TransUnion study analyzes the creditworthiness of the LMI consumer segment and how lenders can grow market share and revenue.
Sponsored Content from TransUnion: How LMI Consumers Can Grow Your Market Share and Revenue
A new TransUnion study analyzes the creditworthiness of the LMI consumer segment and how lenders can grow market share and revenue.
Gen Z Drives Strong Q3 Credit Activity
The credit card industry is rebounding strongly from the early impacts of the COVID-19 pandemic, said TransUnion, Chicago, with Gen Z leading the way in terms of originations and bankcard balance growth and other credit categories, including mortgage.