Hong Kong Seeing Benefits of Positive Data in Credit Reporting - TransUnion Says.

CHICAGO -- Consumers in Hong Kong are reaping the benefits of positive credit data sharing according to recently released statistics from TransUnion and numerous financial institutions in the market. The statistics released to the chairman of the Hong Kong Monetary Authority (HKMA) are part of the first assessment of an ongoing program that began three years ago, allowing consumers' positive credit data to be shared by credit providers.

Between the start of the positive data sharing in August 2003 and September 2005, the following benefits have resulted:

--Credit card receivables increased by nearly 10 percent from $54 billion to $59 billion

--Rollover amounts (borrowing of which cardholders have not fully repaid) fell by 17 percent from $29 billion to $24 billion

--The rollover ratio (the percentage of rollover amounts to the total amount of card receivables) declined 13 percent from 54 percent to 41 percent.

--Individual unsecured credit (non credit cards) loans increased by 38 percent from $29 billion to $40 billion from December 2003 to December 2005.

In addition, the market share of non-bank financial institutions that offer loans to consumers increased 5 percent from 25 percent to 30 percent. With the complete picture of both positive and negative information, these institutions were able to better manage, price and aggressively market their loans to consumers at much lower interest rates.

"These dramatic and positive results are a testament to what full-file credit reporting brings to both consumers and local economies," said Ralph Sorice, president of TransUnion - International. "Not only are there tangible advantages for both consumers and businesses, but the potential for increased competition is a benefit for the overall marketplace."

While the HKMA said in a public statement that it is impossible to quantify the money saved by consumers as a result of lower interest rates, it did note the savings "are likely to be substantial." Joseph Yam, chairman of the HKMA, also noted that the market is moving in the right direction and that "consumers are likely to benefit from more competition" as new players join the consumer credit market.

"As TransUnion continues to work globally with governments and private entities to emphasize the benefits of positive data sharing, Hong Kong offers emerging economies a real-world example of the mass benefits that can be achieved," said Sorice.

About TransUnion

TransUnion is a leading global information solutions company that customers trust as a business intelligence partner and commerce facilitator. TransUnion offers a broad range of financial services that enable customers to manage risk and capitalize on market opportunities. The company uses advanced technology coupled with extensive analytical capabilities to combat fraud and facilitate credit transactions between businesses and consumers across multiple markets. Founded in 1968, Chicago-based TransUnion employs 4,100 associates that support clients in more than 30 countries. Visit us at TransUnion.com.

Graphics and/or photographs to accompany this release can be obtained by members of the media by contacting Jason Nierman ([e-mail]) at 312-985-3059 or Cliff O'Neal ([e-mail]) at 312-985-2540.