Enrollments for self-credit monitoring increase as canadians seek new credit and look to manage debt, reveals new transunion study

Toronto, jan. 31, 2024 (globe newswire) -- with the number of canadian consumers enrolled to monitor their credit with transunion ® (nyse: tru) showing an 11x increase between 2018 and 2023, a new global study has found that the motivations for consumer credit monitoring are diverse. in canada, the largest share of surveyed consumers (45%) monitor with the goal of better managing their debt levels and preventing fraud activities, while four in 10 (42%) do so in anticipation of opening a new credit account, and 13% seek to improve their credit profile.
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