Nearly half of credit card users are carrying debt — it may take months, or years, to pay off [CNBC]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
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Source: CNBC
Most blame an unexpected emergency expense although higher costs and overspending are also factors. Many borrowers say it could take years to pay down their balances. Many Americans are starting 2025 a little worse off than before, at least when it comes to credit card debt Almost half of cardholders — 48% — now carry debt from month to month, according to a new report by Bankrate . That's up from 44% at the start of 2024. Of those carrying balances, 53% have been in debt for at least a year. Roughly 47% of borrowers said they carry a balance due to an unexpected or emergency expense, most commonly medical bills or car and home repairs. Others cite higher day-to-day expenses and general overspending. “High inflation and high interest rates have been a nasty combination, and while the worst is behind us, the cumulative effects are significant and will linger,” Ted Rossman, Bankrate's senior industry analyst, said in a statement. More from Personal Finance: After the holi
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News
- InnovationRx: Medical Debts Will Be Erased From Credit Histories [Forbes]Forbes
- Medical debt will be removed from credit reports: What this means for Americans [FOX Business Network]FOX Business Network
- My Credit Score Went Up 130 Points in 5 Years. Here's How I Did It [CNET News]CNET News
- New TransUnion Research Reveals Seven in 10 Marketing Leaders Struggle to Connect with Audiences Due to Complex Network of Martech Solutions and Identity ChallengesGlobeNewswire
- TransUnion Announces Agreement to Acquire Financial Technology Company Monevo, a Credit Prequalification and Distribution PlatformGlobeNewswire
TRU
Earnings
- 10/23/24 - Beat
TRU
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form SCHEDULE
- 1/2/25 - Form 144
- TRU's page on the SEC website