TransUnion Survey Details Canadian Credit Use Over Holidays, Debt Management's Rank as New Year's Resolution



    
    ~Healthy Living Outpacing Debt Management as Top New Year's Resolution~

    ~Two-Thirds Purchased the Same or Less on Credit~
    

    TORONTO, Jan. 31 /CNW/ -- With 2008 well underway and another holiday
season under our belts, TransUnion commissioned GfK Roper Public Affairs &
Media to find out whether Canadians' post-holiday credit card bills are piling
as high as their presents did.
    While the vast majority of the Canadian consumers surveyed reported using
credit cards for holiday shopping, the survey demonstrates that that number
slipped slightly in 2007.  More than one in three (36 percent) reported they
purchased less on credit in the 2007 holiday season than they did in 2006,
while 33 percent said they spent the same on credit as they did the previous
year.
    When asked about their number one resolution for 2008, 33 percent chose
eating healthy or losing weight and 29 percent chose spending more time with
their family.  Only 17 percent said paying down credit cards and other debt
was their top priority for the New Year.  In a similar survey conducted last
year, 31 percent named spending more time with their family as their top
resolution, while 28 percent named eating healthy or losing weight and 22
percent named paying down debt.
    "Even with the economy flourishing, we're seeing record numbers of
Canadians accessing the credit management tools and educational information we
offer online," says Tom Reid, director, Consumer Solutions at TransUnion.ca,
"It's always wise to stay on top of your finances and particularly so with the
current potential for financial troubles in the US to ripple across the
globe."
    
    Methodology
    
    GfK Roper Public Affairs & Media conducted these studies using Random
Digit Dialing (RDD) methodology.  From January 10-16, 2008, a total of 1,000
interviews were conducted among Canadian adults.  Age, gender, income and
geographic information were collected.  The margin of error for the complete
sample is +/- 3 percentage points.  The margin of error for subgroups may be
higher.
    
    About TransUnion
    
    As a global leader in credit and information management, TransUnion
creates advantages for millions of people around the world by gathering,
analyzing and delivering information. For businesses, TransUnion helps improve
efficiency, manage risk, reduce costs and increase revenue by delivering
comprehensive data and advanced analytics and decisioning. For consumers,
TransUnion provides the tools, resources and education to help manage their
credit health and achieve their financial goals. Through these and other
efforts, TransUnion is working to build stronger economies worldwide. Based in
Toronto, with global headquarters located in Chicago, Illinois, TransUnion
provides local service and support in Burnaby, Edmonton, Saskatoon, Montreal,
Quebec City, Rimouski, Charlottetown, Halifax and St. John's. Visit
http://www.transunion.ca to learn more.
    For more information or to schedule an interview with Tom Reid, contact
Steven Katz, TransUnion, at 312.985.2373 (skatz@transunion.com) or Julia
Monti, The Rosen Group, at 212.255.8455 (julia@rosengrouppr.com).




For further information:

For further information: Steven Katz of TransUnion, +1-312-985-2373, 
skatz@transunion.com; or Julia Monti of The Rosen Group, +1-212-255-8455, 
julia@rosengrouppr.com, for TransUnion Web Site: http://www.transunion.ca

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