Q4 2017 TransUnion Industry Insights Report reveals strength is due to increased access to loans, greater usage and relatively low delinquency levels
The consumer credit market concluded 2017 on a high note with strong performance across multiple credit products. TransUnion’s newly released Q4 2017 Industry Insights Report found that most indicators point to a healthy credit market, though there are a few signals that lenders are being more active in rebalancing portfolio risk.
“Consumers continue to gain access to more credit, and balances are generally rising at a healthy clip,” said Matt Komos, vice president of research and consulting at TransUnion. “For the most part, 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.”