Auto loan delinquencies rise. What to do if you struggle with payments

Fotostorm | E+ | Getty Images For a rising share of car owners, monthly auto loan payments appear to be evolving into a problem. While borrowers who are behind on their payments by more than 60 days r...

New- And Used-Car Supply Improves In 2023, But Affordability Still Tough, TransUnion Says

Plenty of open parking spaces in a storage lot for a car dealership in California. MediaNews Group via Getty Images Scarce new- and used-car inventory in 2022 should give way to slightly better availa...

Consumers are cutting back on holiday gift buying amid higher inflation

Inflation is weighing heavily on the holidays this year. Roughly half of shoppers will buy fewer things due to higher prices, and more than one-third said they will rely on coupons to cut down on the ...

Auto loan delinquencies rise as loan-accommodation programs end

With inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments. TransUnion, which tracks more than 81 million auto l...

Financing a new car? How much you can save with excellent credit score

By now, you probably know that prices for new cars have been climbing at a brisk pace, along with many other consumer goods, in the midst of high inflation. The average cost of a car is an estimated $...

‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports. Will this help your credit score?

Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will improve people’s financial wellbeing. In a time of rising interest rates and increased costs wi...

More Drivers Accept Monitoring, To Get Safe-Driver Discounts On Auto Insurance

A TransUnion survey suggests drivers looking for a safe-driver discount are more receptive to driver … [+] monitoring, for risky driving habits. AFP via Getty Images Inflation is driving custome...

Rising Credit Costs, Transaction Prices Slamming Auto Affordability, EV Adoption

Thin inventory at dealer lot in suburban Detroit, Mich. Ed Garsten Monthly auto loan payments are at historic highs, transaction prices continue to climb and sticker prices are losing their relevance ...

Klarna to report buy now, pay later data to UK credit bureaus

Buy now, pay later giant Klarna says it will start reporting data on customers’ usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the s...

U.S. Credit Reporting Firms Aim to Magically Make Us Taller

The bureaucrats at the Bureau of Weights and Measures are so stingy. Their unwillingness to shrink the foot means none of us can grow. If they would just cut the foot in half, we could all be 12 feet ...

Apple buys UK fintech start-up Credit Kudos

Customers walk past a digital display of the new green color Apple iPhone 13 pro inside the Apple Store on 5th Avenue in Manhattan, in New York, March 18, 2022. Mike Segar | Reuters LONDON — Apple has...

Equifax, TransUnion and Experian will soon stop counting medical debt in credit reports — now, for the bad news

The nation’s three major credit bureaus say they are overhauling how they include medical debt in a consumer’s credit history. The agencies said the removal will result in nearly 70% of the medical de...

TransUnion Partners With Spring Labs to Bring Credit Rating to Crypto Lending

Creditworthiness checks may soon be a thing in the crypto lending arena following plans by TransUnion and Spring Labs to introduce credit scores as part of the latter’s Digital Passport for obtaining ...

TransUnion wants to bring credit checks to the crypto lending market

advertisement American credit reporting firm TransUnion is set to introduce credit scores to the crypto lending space, the Wall Street Journal reported on Wednesday. TransUnion has partnered with secu...