News on TransUnion LLC

TransUnion: Auto loan delinquencies decline in 4Q

2010-03-01T12:32:52Z

<div id="subtitle">TransUnion data shows fewer customers behind on repaying auto loans during 4th quarter</div><div><p>TransUnion said Monday that customers at least 60 days past due on repaying auto loans fell 6 percent during the fourth quarter compared with the same period a year earlier.</p><p>The 60-day delinquency rate on auto loans dropped to 0.81 percent. The delinquency rate was unchanged fro...

Credit card delinquencies flat in 4th quarter

2010-02-22T16:15:14Z

<div id="subtitle">Late payments on credit cards flat in 4th-qtr from 2008, balances fall; 2010 seen as wobbly</div><div><p>Pressured by demands on their wallets during the holidays, credit card holders continued to struggle to make payments in the last three months of 2009, according to data from credit reporting agency TransUnion.</p><p>The rate at which card users fell behind 90 days or more on the...

Mortgage delinquencies tick higher in 4th-qtr 2009

2010-02-22T09:12:23Z

<div id="subtitle">TransUnion finds rise in mortgage delinquencies in 4th-quarter 2009; forecasts further rise</div><div><p>The percentage of homeowners late with mortgage payments hit another record during the last three months of 2009, and the pace at which they fell behind took a turn for the worse, a new report says.</p><p>For the fourth quarter, 6.8...

More consumers pay credit card before mortgage: study

2010-02-22T12:40:40Z

<div><p>NEW YORK (Reuters) - More and more consumers are giving greater priority to paying credit card debt than making a mortgage payment, showing increased financial duress, according to a report released on Wednesday.</p><p>As the economy climbs out of the worst recession in decades and unemployment remains high, financial strains have forced consumers to prioritize monthl...

Build Your Credit and Tax Liens

2010-02-22T16:13:26Z

How to increase your credit score? How does credit work? How to build your credit?<br><br>Well, let?s take a look at which companies create credit and why it was created in the first place.<br><br>Experian, Equifax, and TransUnion are the three different ...

What Good Credit Scores May Bring You

2010-02-22T22:43:25Z

A 700 credit score is usually enough for a consumer to get an approval on his loan application. The problem is that most consumers get only an average of 615 in their scores. This is mainly because there are a lot of available credit scoring methods that also results to different score cards. Not only that, some independent credit companies have their own way and criteria in getting a consumers score card, thus prompting the difference.<br><br>Now, what does a good...

Bad Credit Mortgage - Is it Even Possible?

2010-02-23T12:25:21Z

Admittedly, banks are very strict about refinancing bad credit mortgage, no thanks to the global recession. It may be more difficult to refinance mortgages in general than if the economy is on roll.<br><br>There is good news, however, as it is still possible to refinance your mortgage even if you have a spotty credit history. You just have to accept the fact of home loan life that the lower your credit score, the higher your mortgage payments get. That's the bad ne...

More on-time credit card payments expected in 2010

2010-02-23T19:20:07Z

<div id="subtitle">Consumers seen improving rate of credit card payments in 2010; jobless rate to hold down gains</div><div><p>Consumers are expected to further improve their credit management in 2010, but unemployment will hamper the efforts of many Americans to make their credit card payments on time.</p><p>Credit card delinquencies are expected to continue falling through next year, but at a much slower rate t...

More consumers late on auto loan payments in 3Q

2010-02-23T22:43:01Z

<div id="subtitle">Auto loan delinquency rate rises in 3rd quarter but some states improve, hinting at recovery</div><div><p>More people were late with their auto loan payments in the third quarter as job losses continued, but amid rising delinquencies there are positive signs for the economy in certain states.</p><p>The auto delinquency rate — the rate at which payments fell behind 60 days or more — edged up in ...

Late payments on credit cards drop in 3rd quarter

2010-02-24T01:53:19Z

<div id="subtitle">More consumers make credit card payments on time in 3Q, pay off debt in summer months</div><div><p>Consumers got more serious about paying down their credit card debt this summer, a time when deliquencies usually go up.</p><p>Cardholders making late payments on bank-issued cards like those bearing MasterCard and Visa logos fell to 1....

Mortgage delinquencies hit another record in 3Q

2010-02-24T04:32:23Z

<div id="subtitle">Mortgage delinquencies peak again in 3rd qtr, but pace of growth slows for 3rd straight period</div><div><p>The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.</p><p>For the three months ended Sept. 30, 6.25 percent of

Data hints consumers handling credit cards better

2010-02-25T16:16:15Z

<div id="subtitle">Rate of missed credit-card payments up from last year, but better than in 1Q, TransUnion says</div><div><p>The rate at which credit card holders fell behind on their payments was far worse in the second quarter than it was last year, but did improve sharply from the alarming level seen in the first three months of 2009.</p><p>The shift...

Mortgage deliquency rate hits all time high in 2Q

2010-02-25T19:16:22Z

<div id="subtitle">TransUnion data shows number of homeowners 2 months past due on mortgages hit new high in 2Q</div><div><p>The delinquency rate on U.S. mortgage loans hit an all-time high in the second quarter, but the pace of growth for the rate slowed, a possible sign the mortgage crisis may be beginning to turn the corn...

Your Home Loan Application

2010-02-26T05:02:50Z

A home loan application can be very confusing for some people. If you're in the market for a home, but have never even seen a home loan application, this guide will help you better prepare for your loan application. After reading this information, you should have a better understanding of the loan process.<br><br><b>Itemize Your Debt</b><br>Before you do anything, you first need to establish whether or not you can afford a ...

Auto loan delinquencies jump in 1st quarter

2010-02-26T21:04:03Z

<div id="subtitle">Auto loan delinquencies shoot up 28 percent in 1st quarter, even as average loan size shrinks</div><div><p>Those "green shoots" of economic rebound don't yet have very deep roots.</p><p>While some economic indicators are pointing to better days ahead, data shows consumers continued to struggle to make loan payments in the first quarter.</p><p>The latest evidence show...

1Q credit card delinquency rate jumps 11 percent

2010-02-27T00:27:35Z

<div id="subtitle">Rate of missed payments for bank-issued credit cards up 11 percent in 1st qtr, TransUnion says</div><div><p>Credit card holders who in ordinary years might have used their tax refunds to pay down their balances apparently spent the money elsewhere as the recession deepened in the first quarter.</p><p>That's one of the conclusions that ...

Mortgage delinquencies seen rising through 2009

2010-02-27T02:41:48Z

<div id="subtitle">Mortgage delinquencies up for 9th straight quarter, TransUnion says; rise expected to continue</div><div><p>The rate at which people are falling behind on their mortgage payments went up for the ninth straight quarter in the first three months of 2009, and is expected to keep rising through the end of the year, according to credit reporting agency TransUnion.&...

Reading Your Credit Report Properly

2010-02-27T16:06:28Z

<p>Reading Your Credit Report Properly</p><p>By Chad Pearson</p><p></p><p>R1s, inquiries, charge-offs. What do these terms mean, and what do they have to do with knowing how to read a credit report? Well, in this article we help you understand a very this important document.</p><p></p><p>If you've foll...

The Right Credit Reports For Credit Repair

2010-02-28T19:25:45Z

<p>The Right Credit Reports For Credit Repair</p><p>By Ian Webber</p><p></p><p>Give Yourself the Advantage</p><p></p><p>When it comes to credit repair you should give yourself every advantage you can. There is a lot riding on the outcome, so don't cut corners. You should arm yourself with a working knowledge of the laws that govern the credi...