Equifax® (NYSE: EFX) has released its 2024 Global Consumer Credit Trends, a report that features global consumer credit data and trends information from 10 different countries including Australia, Brazil, Canada, India, Spain and the United States.
The third annual report, made possible by the Equifax Cloud™ and the company’s custom data fabric, is designed to give lenders around the world a deeper view into overall consumer credit demand, debt, delinquencies, credit card utilization rates and inflation trends in their particular region to make more informed decisions and innovate faster – enabling more mainstream financial opportunities for consumers.
“Unique, differentiated data and analytics continues to be at the heart of our business,” said Patricio Remon, President of Equifax International. “Our Global Consumer Credit Trends report continues to be unique in the breadth of insights that it provides. This extensive look at consumer credit data and inflation trends from 10 different countries is enabled by Equifax Cloud and our custom data fabric, to help our customers across the globe create more effective insights and innovate faster.”
The Equifax Cloud™ is a top-tier global technology and security infrastructure backed by a more than $1.5 billion multi-year investment that gives the organization the ability to develop solutions that are faster, more reliable, more powerful, and more secure than ever before.
EFX shares dropped $2.94, or 1.4%, to $214.79.