Canadians' missed mortgage, credit payments hit pre-COVID highs: Report [Yahoo! Finance Canada]
Equifax, Inc. (EFX)
Last equifax, inc. earnings: 4/20 05:24 pm
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Source: Yahoo! Finance Canada
(AUSTRALIA OUT) American express visa and mastercard credit cards (Photo by Fairfax Media via Getty Images via Getty Images) (Fairfax Media via Getty Images) The financial burden on Canadian households intensified in the first quarter of 2024, with missed payments on mortgages and other forms of credit rising to pre-pandemic levels, according to Equifax Canada. The “challenging economic conditions” since the pandemic have prompted Canadians to make various moves to manage their finances, including extending their mortgage lengths to reduce payments, says Rebecca Oakes, Equifax Canada's vice-president of advanced analytics. “It's not just homeowners feeling the strain. Whether you own or rent, the high cost of living remains a heavy burden for many.” More than 34,000 Canadians missed a mortgage payment in Q1, nearly 23 per cent more than in Q1 2023, according to Equifax's latest Consumer Credit Trends Report . More than 1.26 million people missed making some kind of credit payme
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EFX
News
- Equifax Introduces Secondary Education Diploma Verification Solution for Employers [Yahoo! Finance]Yahoo! Finance
- Equifax Introduces Secondary Education Diploma Verification Solution for EmployersPR Newswire
- Canadian businesses missing payments as debt burden grows [Yahoo! Finance Canada]Yahoo! Finance Canada
- Canadian business installment loans up 74% in a year, delinquencies rising [Wealth Professional (Canada)]Wealth Professional
- Equifax Canada reports rise in delinquency, debts amidst rate cut optimism [BNN Bloomberg (Canada)]BNN Bloomberg
EFX
Earnings
- 4/17/24 - Beat
EFX
Sec Filings
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- 6/4/24 - Form 4
- EFX's page on the SEC website