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November 26, 2024 06:00 ET | Source: TransUnion

Canadian Credit Market Set to Grow in 2025 Amid Expected Lower Cost of Living and Interest Rates

Key findings from TransUnion report: Number of Canadians with access to credit and total outstanding consumer balances reached new records in the third quarter of 2024, mainly driven by Millennial...
August 27, 2024 06:00 ET | Source: TransUnion

Mortgages Account for Nearly Three Quarters of Canadian Debt as Consumers Hold Out for Reduced Interest Rate Relief

Key findings from the TransUnion® report: Canadian household debt hits a record high $2.41 trillion, with mortgage debt making up 74% of the total outstanding balances. More Canadians face payment...
May 28, 2024 06:00 ET | Source: TransUnion

Canadian Consumer Credit Market Continued to Expand, with Evident Signs of Payment Stress

Key findings from TransUnion report: Credit participation in Canada continued to rise, led by new-to-country and Generation Z consumers, driving total debt to $2.38 trillion Continued higher cost...
December 05, 2023 06:00 ET | Source: TransUnion

Canadian Credit Market Reaches Record High Participation

Total Canadian credit active consumers holding at least one credit product at an all time high of 31.2 million.While average credit card balance per consumer rose due to higher cost of living, the...
October 06, 2022 08:30 ET | Source: TransUnion

Credit Card Borrowers Reverting to Pre-Pandemic Payment Patterns; TransUnion Study Explores Risks Related to Balance Increases

CHICAGO, Oct. 06, 2022 (GLOBE NEWSWIRE) -- As pandemic-related government relief programs and forbearances fall farther behind in the rearview mirror, a new study from TransUnion (NYSE:TRU) found...
August 04, 2022 08:00 ET | Source: TransUnion

Serious Delinquencies Normalizing to Pre-Pandemic Levels as Many Lenders Make Concerted Effort to Expand Access to Credit

CHICAGO, Aug. 04, 2022 (GLOBE NEWSWIRE) -- The first half of 2022 concluded with a normalization in serious delinquency rates to pre-pandemic levels for most credit products as lenders continued to...
November 15, 2018 06:00 ET | Source: TransUnion

Lenders Extending More Loans to Subprime Consumers as Credit Market Continues to Exhibit Signs of Strength

Q3 2018 TransUnion Industry Insights Report features latest consumer credit trends CHICAGO, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Auto loans, credit cards and personal loans all saw year-over-year...