{"id":836567,"date":"2025-04-11T07:58:19","date_gmt":"2025-04-11T11:58:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/equifax-releases-2024-global-consumer-credit-trends-report\/"},"modified":"2025-04-11T07:58:19","modified_gmt":"2025-04-11T11:58:19","slug":"equifax-releases-2024-global-consumer-credit-trends-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/equifax-releases-2024-global-consumer-credit-trends-report\/","title":{"rendered":"Equifax Releases 2024 Global Consumer Credit Trends Report"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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Third Annual Report Provides Unique Equifax Cloud\u2122-based Insights to Help Lenders Around the World Make More Informed Decisions and Innovate Faster<\/p>\n

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\n ATLANTA<\/span>
\n <\/span>, April 11, 2025<\/span><\/span> \/PRNewswire\/ —\u00a0Equifax<\/a><\/u>\u00ae (NYSE: EFX) has released its 2024 Global Consumer Credit Trends<\/a><\/u>, a report that features global consumer credit data and trends information from 10 different countries including Australia<\/span>, Brazil<\/span>, Canada<\/span>, India<\/span>, Spain<\/span> and the United States<\/span>. The third annual report, made possible by the Equifax Cloud<\/a><\/u>\u2122\u00a0and 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 \u2013 enabling more mainstream financial opportunities for consumers.<\/p>\n

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\n \"Equifax
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“Unique, differentiated data and analytics continues to be at the heart of our business,” said Patricio Remon<\/span>, 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<\/a><\/u>, to help our customers across the globe create more effective insights and innovate faster.”<\/p>\n

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\n The Equifax Cloud<\/a>
\n <\/u>\u2122 is a top-tier global technology and security infrastructure backed by a more than $1.5 billion<\/span> 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. Central to the Equifax Cloud is its custom data fabric, an adaptable data platform that unifies the enterprise’s data (from over 100 siloed data sources) in a single, virtual structure, enabling critical data governance measures, including data segregation, and maintaining compliance with regulatory requirements.<\/p>\n

The 2024 report indicates that overall recovery from long periods of high inflation could be slow, with notable differences among populations and geographies. Specific inflation trends for Argentina<\/span>, Australia<\/span>, Brazil<\/span>, Canada<\/span>, Ecuador<\/span>, India<\/span>, New Zealand<\/span>, Spain<\/span>, the United Kingdom<\/span> and the United States<\/span> are also included, with most regions continuing to loosen their monetary policies to help consumers cope with tougher economic headwinds.<\/p>\n

For example:<\/p>\n