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Equifax reported that nearly 60 of the top 100 metropolitan statistical areas hardest hit by credit card debt realized double-digit declines in the percentage of income owed to credit card companies — nearly 24 percent in some areas.
Read More →Equifax's December National Credit Trends Report revealed that U.S. consumers were much more diligent in paying down their debts in 2011.
Read More →A report by Equifax indicated that U.S. consumers continue to make timely payments and pay down their retail credit card and bank card balances, resulting in a significant drop in the number of card write-offs vs. 2010 levels.
Read More →Automotive Compliance Consultants added 50 new dealership clients in the last six months and experienced a 12 percent increase in business last year.
Read More →Automotive Compliance Consultants (ACC) has launched a new credit reporting bureau service that enable dealers to download credit reports from Experian, TransUnion and Equifax from the company’s Compliant Solved web dashboard.
Read More →Total consumer debt now stands at $11.2 trillion, nearly equivalent to the $11.1 trillion pre-recession level in 2006, according to the latest Equifax National Credit Trends Report.
Read More →Auto finance companies have increased lending by more than 47 percent over the past two years, according to the latest Equifax National Credit Trends Report.
Read More →New-vehicle loan originations were up 15 percent in the first half compared to the same period last year, according to Equifax.
Read More →First-half credit growth outpaced the first half of 2010 by $43 billion, with the automotive segment being one of the key drivers, according to Equifax’s National Credit Trends Report.
Read More →First quarter originations shot up 21 percent from the same period last year, with March originations eclipsing what was recorded during the Cash for Clunkers summer of 2009.
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