Collection Recon

Merit Updates Decision System Support in TransUnion Credit Check API

Posted on 19. May, 2011 by Collections Recon.

Merit Credit Systems has announced that the Merit Credit Engine software (MCE) now provides programmers with API support for the full suite of TransUnion Decision Systems Services. With MCE, developers of custom credit check solutions have a cross-platform tool to easily implement a complex analysis of consumer credit report data for real-time automated decisioning, without the need for detailed knowledge of TransUnion’s protocols, codes, segments, and other technical specifications.

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TransUnion Reports First Quarter 2011 Results

Posted on 09. May, 2011 by Collections Recon.

TransUnion Corp (“TransUnion”, or the “Company”) today announced financial results for the quarter ended March 31, 2011.

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TransUnion Study Finds Two Out of Three Americans Stressed Out About Finances

Posted on 06. Apr, 2011 by Collections Recon.

TransUnion Celebrates National Financial Literacy Month by Educating Consumers on the Basics to Help Reduce the Stress of Managing Credit, Personal Finances

CHICAGO, IL–(Marketwire – April 5, 2011) – As the stock market, unemployment rates, and gas prices continue to bounce up and down, many Americans say they find themselves stressed out about their personal finances. During National Financial Literacy Month this April, TransUnion is continuing to educate consumers on the basics needed to help reduce the stress of managing their finances and credit.

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Consumers Choose to Pay Credit Cards vs. Mortgage

Posted on 05. Apr, 2011 by Collections Recon.

A New Horizon Credit Counseling Notices A Change in the Pattern Due to Result of the Recession

Fort Lauderdale, Fla. – A study just released by the credit reporting bureau TransUnion shows a shift in consumer credit card paying habits as a result of the recession. The new pattern finds consumers more likely to pay their credit card charges before they pay their mortgage; and this trend has occurred for the last three years in a row. Steven Stark, General Counsel and COO for A New Horizon Credit Counseling Services, stated “This just confirms what we have seen among our clients; they would prefer to default on their over leveraged mortgages in favor of paying off their credit card balance.” Stark added, “This change in the traditionally expected payment priority is clearly related to home devaluation and high unemployment”.

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TransUnion Study Finds Consumers Continue Paying Credit Cards Before Mortgages, Though Change May Be on the Horizon

Posted on 29. Mar, 2011 by Collections Recon.

TransUnion released a study today that reveals the divergence in payment patterns — where consumers are increasingly apt to pay their credit cards before their mortgages — has now occurred for three straight years. However, for the first time since the deviation began, the percentage of consumers who are current on their credit cards and at least 30 days delinquent on their mortgage payments has declined.

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TransUnion Announces Exchange Offer for 11 3/8% Senior Notes Due 2018

Posted on 23. Mar, 2011 by Collections Recon.

CHICAGO, IL–(Marketwire – March 21, 2011) – TransUnion Corp., a global leader in credit and information management services, announced today that its subsidiaries, Trans Union LLC and TransUnion Financing Corporation, have commenced an exchange offer for their outstanding unregistered 11 3/8% Senior Notes due 2018, Series A. These notes were originally issued on June 15, 2010, in a private placement exempt from the registration requirements of the Securities Act of 1933, in an aggregate principal amount of $645 million. Holders of these notes may exchange them for an equal principal amount of a new issue of 11 3/8% Senior Notes due 2018, Series B pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission. Terms of the new notes are substantially identical to those of the original notes, except that the transfer restrictions and registration rights relating to the original notes do not apply to the new notes.

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TransUnion: Credit Card Delinquencies Fall by More Than 32 Percent Compared to Same Time Last Year

Posted on 24. Feb, 2011 by Collections Recon.

Holiday Shopping Had Little to No Impact on Credit Card Balances

TransUnion’s quarterly analysis of trends in the credit card industry revealed that the national credit card delinquency rate (the ratio of bankcard borrowers 90 days or more delinquent on one or more of their bank-issued credit cards) decreased to 0.82 percent in the fourth quarter of 2010, down almost 32 percent year over year. With the economic recovery in full swing, the decrease in the ratio of bank card borrowers delinquent has flattened out considerably; compared to last quarter, credit card delinquencies edged downward by only 1.2 percent.

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TransUnion Introduces New Recovery Scores Containing Updated Consumer Data and Newest Modeling Technology

Posted on 09. Feb, 2011 by Collections Recon.

Las Vegas – TransUnion announced today at the Debt Buyers Association Conference the introduction of two new recovery models – Recovery Propensity Score and Recovery Yield Score. Both of these scores were developed using TransUnion’s freshest consumer data set and advanced modeling technology, allowing customers to supplement their own internal data into the scores to better target those accounts most likely to pay while limiting resources expended on debtors unlikely to pay.

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TransUnion Study Finds Consumers Plan to Get More Financially Fit in 2011

Posted on 21. Jan, 2011 by Collections Recon.

Sixty-Six Percent to Fight Financial Stress by Saving Money, Spending Less and Budgeting More

CHICAGO, IL–(Marketwire – January 20, 2011) – A recent TransUnion survey on consumers’ 2011 financial goals found that two out of three consumers said they plan to improve their financial position this year. Effective budgeting, saving more and paying down credit card debt were the top three methods selected to achieve this goal. These results validate what consumers have done in managing credit card debt over the last 12 months. Tracked by TransUnion’s Trend Data, the average credit card borrower debt dropped 11.5 percent from the 3Q09 to 3Q10 ($5,612 to $4,964).

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TransUnion: Seasonal Patterns Result in a 10 Percent Rise in National Auto Loan Delinquency Rates in Third Quarter of 2010

Posted on 22. Dec, 2010 by Collections Recon.

The national 60-day auto delinquency rate (the ratio of auto loan borrowers 60 or more days past due) rose 9.4 percent between the second and third quarters of 2010 to 0.58 percent, according to a TransUnion quarterly analysis of trends in the auto industry. The year-over-year delinquency rate at the national level fell by 28.4 percent in the third quarter.

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