TransUnion’s quarterly Industry Insights Report and industry that is monthly analysis reveal customer credit styles throughout the pandemic
TransUnion unearthed that while less accounts come in pecuniary hardship status at the time of belated, credit performance has proceeded to carry constant and it has perhaps perhaps maybe not shown a product deterioration. To achieve greater understanding of the performance and re re payment behaviors of consumers through the COVID-19 pandemic, TransUnion has supplemented its quarterly Q2 2020 Industry Insights Report along with its Monthly Industry Snapshot Report, showcasing the buyer credit marketplace for the thirty days of July.
“Overall the customer credit market was doing very well regardless of the apparent challenges due to the pandemic that is COVID-19” said Matt Komos, vice president of research and consulting at TransUnion. “It’s a reassuring sign that delinquency amounts have actually remained relatively low – especially once the portion of customers in monetaray hardship status has begun to drop. Continue reading “Credit rating Market Withstands Challenges as Accounts in Financial Hardship start to Decrease”