Consumer Credit Market Concludes 2017 on a High Note

statisticQ4 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.”

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