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Compared to their older counterparts with similar limited credit history, Gen Z and millennial borrowers were also more likely to move into higher tiers of creditworthiness between 2021 and 2023, according to new research.
March 25 -
The majority of users are looking for new credit lines and others want to improve their scores. Credit monitoring by consumers may be a good indicator of both, Transunion found.
February 6 -
The company has linked tradeline information to lien data in ways designed to help mortgage portfolio managers keep pace with property values as they change.
January 10 -
Volumes dropped below 900,000 in the first three months this year, while the cumulative loan balance nationwide also declined on a quarterly basis for the first time since 2015.
August 10 -
The Consumer Financial Protection Bureau said it found deficiencies in how credit-reporting companies handle complaints about consumer data.
January 4 -
But refinances came in 50% below levels from a year ago, with rate-and-term activity falling by over 40% in the third quarter of last year, according to TransUnion.
February 2 -
Democrats are pushing for a public-sector alternative to the three main credit bureaus, but Republicans argue that the government is ill-equipped to safely handle consumer data and produce accurate reports.
June 29 -
Positive payment behaviors in conjunction with CARES Act measures kept mortgage delinquencies from rising, but the number of borrowers facing hardship grew exponentially from last year, according to TransUnion.
August 20 -
The rescue bill enabled banks to protect loans in forbearance from an immediate hit to a borrower’s credit report, but experts say affected consumers may have trouble getting loans after the pandemic ends.
June 1 -
Congressional Democrats want forceful action to prevent damage to millions of Americans' credit scores during the COVID-19 pandemic. But the credit bureaus argue that the tools needed to protect consumers are already in place.
March 23