Mortgages Account for Nearly Three Quarters of Canadian Debt as Consumers Hold Out for Reduced Interest Rate Relief
August 27, 2024 06:00 ET
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TransUnion
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...
Canadian Consumer Credit Market Continued to Expand, with Evident Signs of Payment Stress
May 28, 2024 06:00 ET
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TransUnion
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...
Canadian Credit Market Reaches Record High Participation
December 05, 2023 06:00 ET
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TransUnion
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...
Credit Card Borrowers Reverting to Pre-Pandemic Payment Patterns; TransUnion Study Explores Risks Related to Balance Increases
October 06, 2022 08:30 ET
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TransUnion
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...
Serious Delinquencies Normalizing to Pre-Pandemic Levels as Many Lenders Make Concerted Effort to Expand Access to Credit
August 04, 2022 08:00 ET
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TransUnion
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...
Lenders Extending More Loans to Subprime Consumers as Credit Market Continues to Exhibit Signs of Strength
November 15, 2018 06:00 ET
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TransUnion
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...