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Equifax Reports Non-Home Finance Write-Offs at Lowest Level in Six Years

ATLANTA May 23, 2012 National Consumer Credit Trends Report $26.2 billion April 2012 $54.1 billion April 2009 $24.0 billion

http://photos.prnewswire.com/prnh/20060224/CLF037LOGO

Non-home finance write-off dollars have declined due to both improvements in general repayment patterns and lower numbers of bankruptcies. Bankruptcy dollars have declined at a slower rate, comprising 15.7% of write-off dollars in 2009 but 18.5% of write-off dollars today.  This is due to faster declines in the average dollar size of general delinquencies, relative to the peak of the recession.

$193 billion October 2008 $766 billion November 2011 $460 billion $753 billion April 2012

Amy Crews Cutts

Other highlights from the data include:

Home Equity Revolving Credit & Home Finance

    • $1.2 trillion October 2008
    • April 2012 April 2010 $71.5 billion $74.7 billion
  • April 2012 $560 billion $115 billion April 2009 $43.8 billion April 2011
  • $1.25 billion

Auto

  • April 2012 January 2010 $689 billion April 2011 $734 billion April 2012

About Equifax, Inc.

Equifax is a global leader in consumer and commercial information solutions, providing businesses of all sizes and consumers with information they can trust. We organize and assimilate data on more than 500 million consumers and 81 million businesses worldwide, and use advanced analytics and proprietary technology to create and deliver customized insights that enrich both the performance of businesses and the lives of consumers.

Atlanta EFX www.equifax.com

SOURCE Equifax, Inc.

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