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Experian Posts Increased Sales, But Cautions on Credit Conditions
January 10, 2007
Newly-spun off credit information provider Experian said Wednesday that while sales rose 20% in the last three months of 2006, credit conditions remained tough in the UK and the United States.
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"U.S. conditions are clearly more challenging than they were 18 months ago, that continues to be a challenge," Chief Financial Officer Paul Brooks said in a release.
Low credit quality could be a problem for Experian going forward if fewer people apply for fewer credit products, thus decreasing demand for their product from banks.
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