“We’re increasingly seeing the credit card lending market return to pre-pandemic patterns,” said Jason Laky, executive vice president and head of financial services at TransUnion. “Originations experienced their most significant year-over-year growth since 2022, while balance growth normalized to more historical levels.”
The unsecured personal loan market continued expanding, with originations jumping 18% year-over-year to 5.4 million accounts in Q1 2025. Total balances reached a record $257 billion in Q2 2025, up 4% from the previous year.
Delinquency rates in this sector showed modest improvement, with 60-plus days past due rates declining slightly to 3.37%, marking three consecutive quarters of improvement.
Auto loan delinquencies continued rising, reaching 1.31% for consumers 60-plus days past due in Q2 2025, surpassing 2009 levels. However, the pace of growth has slowed, suggesting delinquencies may be approaching a peak.
Mortgage delinquencies also increased, with the consumer-level 60-plus days past due rate rising to 1.27%, nearing pre-pandemic levels.