Equifax Releases 2024 Global Consumer Credit Trends Report Highlighting Shifts in Inflation, Credit Demand, and Lending Patterns

Equifax has published its 2024 Global Consumer Credit Trends report, covering insights from 10 countries, including Australia, Brazil, Canada, India, Spain, and the U.S. Powered by the Equifax Cloud™, the report highlights how lenders can better understand evolving consumer behaviors, inflation trends, and credit demand. Key findings include rising non-mortgage debt in India, mortgage recovery in Canada, and economic resilience in Spain. Despite global inflation pressures, credit demand has remained steady, with a shift toward unsecured credit. The report also underscores Equifax’s $1.5 billion investment in cloud technology to enhance data accessibility and compliance.