Lending, Member Exclusive

Lending Briefing: Q3 credit lines are at all time high while delinquencies rise

  • Earlier this year, lenders were becoming more comfortable to lend to subprime borrowers due to record low delinquency rates across products.
  • However, with a recession on the horizon and inflation closing in, the winds of change are blowing with many trends returning to their pre-pandemic patterns.
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Lending Briefing: Q3 credit lines are at all time high while delinquencies rise

Earlier this year, lenders were becoming more comfortable to lend to subprime borrowers due to record low delinquency rates across products. However, with a recession on the horizon and inflation closing in, the winds of change are blowing with many trends returning to their pre-pandemic patterns.

Delinquencies are hovering precipitously close to their levels in Q3 2019 and those on unsecured personal loans have surpassed their pre-pandemic levels as shown by TransUnion’s recent Credit Insights Report

 


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