Consumer Credit Market to Remain Steady in 2018

In spite of rising interest rates, the U.S. consumer credit market is poised to perform well in 2018 with well managed delinquencies and access to credit remaining available across all products. TransUnion’s 2018 consumer credit forecast found that expected increases to GDP, personal income, total employment and the Housing Price Index, among other factors, will outweigh potential negatives, such as increasing prime interest rates and slowing vehicle sales.

Check out this video for four key trends that will shape the consumer credit market in the year to come

U.S. Consumer Credit Serious Delinquency Rates 2009-2018

(Q4 2017-Q4 2018 Include Projections)

  • Auto
  • Card
  • Mortgage
  • Personal Loans

"Consumer credit markets are expected to operate in a steady state despite challenges, including rising interest rates and the addition of more non-prime borrowers in certain credit categories. Even with expected interest rate increases, the prime interest rate remains well below historic norms, and we believe at levels that can still be well managed by most consumers."

-Matt Komos, vice president of research and consulting for TransUnion

Projected Serious Delinquency Rates

Credit ProductQ4 2018Q4 2017Projected Annual
Percentage Change
Auto Loan
(60+ DPD)
Credit Card
(90+ DPD)
Mortgage Loan
(60+ DPD)
Unsecured Personal Loan
(60+ DPD)