Consumer Credit Market Ends 2017 on a High Note
The consumer credit market concluded 2017 with strong performances across multiple credit products. TransUnion’s Q4 2017 Industry Insights Report found that most indicators suggest a healthy and robust credit market, though there are a few signals that lenders are being more active and rebalancing portfolio risk.
“We are seeing that consumers are paying their debts in a timely fashion, which has been especially evident for mortgages and personal loans. This is likely a result of the strong economy, which has helped consumers manage their personal balance sheets and build confidence. However, we are also monitoring the market closely for any potential shifts. Material upticks in delinquency, interest rate increases beyond what is expected, or other unanticipated economic shocks could certainly impact the market adversely.”
-Matt Komos, vice president of research and consulting for TransUnion
Positive Signs: Changes between Q4 2017 and Q4 2016 for Key Consumer Credit Metrics
Change in Number of Accounts (%)
Change in Serious Delinquency Rates (BPS)