Balances and Delinquencies Begin to Stabilize Across Many Credit Products
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: GlobeNewswire
CHICAGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Consumer credit balances continued to grow across all credit products during the third quarter of 2024, but in many cases, that growth has slowed. These are among the findings from the newly released Q3 2024 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU). The findings point to a level of stabilization in the consumer credit market which may signal a return to more typical credit use patterns across many lending products. The report reveals that after a period of rapid balance growth across a range of credit products, in particular credit cards and unsecured personal loans, balance growth has slowed. While both credit products saw year-over-year (YoY) growth of approximately 15% in the year ending Q3 2023, YoY balance growth for the year ending Q3 2024 was only 6.9% for credit cards and 3.6% for unsecured personal loans. “The moderated growth in balances is likely the result of a number of factors in combi
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TRU
Earnings
- 10/23/24 - Beat
TRU
Sec Filings
- 11/13/24 - Form 8-K
- 11/12/24 - Form SC
- 11/12/24 - Form 4
- TRU's page on the SEC website