TransUnion’s latest study explores the distinct characteristics, motivations and potential future outcomes of consumers who monitor their credit. The report also features consumer survey insights into their usage, preferences and behaviours pertaining to credit monitoring.
Download the full report for access to our key findings, including:
- Credit Seekers monitoring their credit report outpaced the UK credit-active population in new account openings during the first nine months of monitoring
- Gen Z and Millennials are more likely to be credit monitors compared to the broader UK credit active population
- Credit Monitoring Consumers who had at least one account in arrears when they started monitoring were more likely to improve their payment status over nine months
- When considering new financial products, 29% of consumers would favour a lender offering complimentary credit monitoring services
See how you can foster enduring customer loyalty and help portfolio growth through the power of credit education with TransUnion.
Download the report now to leverage the full insights from this indispensable resource to understand and adapt to consumer needs, build stronger customer relationships and promote financial inclusion and well-being.
