 TITLE: COVID-19: Consumers Reduce Overall Debt During Pandemic CONTENT: COVID-19 Effects on Consumer Debt\n---------------------------------\nAs part of our ongoing commitment to helping consumers manage the impacts of COVID-19, Experian analyzed credit data to see how consumer debt has changed in recent months.\nOur analysis is based on monthly consumer credit data between January 2020 and May 2020 using a nationally representative sample of Experian's main consumer credit database. Credit score information is based on VantageScore® 3.0. The data attributes and sample sizes for this research may not exactly match other Experian analyses, and thus a slight variance in some statistics may exist.\nAs Americans continue to manage the effects of the pandemic, the data included in our analysis will continue to evolve. The information included here represents only a momentary snapshot of consumer finances. As time goes on—especially as aspects of economic stimulus and relief efforts expire—these trends may change. We will continue to publish additional insights as newer data becomes available. END