Consumer access to revolving and non-revolving credit lines reaches record high

With the holiday shopping season officially kicking off on Black Friday, TransUnion’s just released Q3 2017 Industry Insights Report found that more consumers have access to revolving and non-revolving lines than ever before.*

2017 vs. 2016 revolving lines

The number of consumers with access to a revolving line of credit grew steadily at 2% YOY.
As usual, the bankcard sector was the primary driver for this growth.

Consumers with a revolving balance

Revolving total account balances

2017 vs. 2016 non-revolving lines

The number of consumers with non-revolving debt also grew 2% YOY, driven by 7% growth in personal loan products and 4% growth in auto loans.

Consumers with a non-revolving balance

Non-revolving total account balances

* The highest level since TransUnion began measuring the variable in 2009.