Growth in card and personal loan demand across multiple regions.
Demand
Demand
Delinquencies
Utilization
Overall Debt
Chart data is indexed as of Q4 2019.
*Data not reported for this region
Mortgage Inquiries
Canada: Mortgage market showing resilience as demand is up from the lows of Q1 2023
Non-Mortgage Inquiries
Non-Mortgage: Includes Buy Now Pay Later, credit cards, installment loans, personal loans and automobile loans. Availability and coverage will vary by region.
Non-mortgage debt continues to increase across most countries globally driven by demand and inflation.
Chart data is indexed as of Q4 2019.
*Data not reported for this region
Deuda: dinero prestado por los consumidores en un momento determinado. Se refiere al límite amortizado o al saldo pendiente según los datos recopilados de cada región, excepto España, que informa solo activos incumplidos porque la Oficina española administra solo datos negativos.
No hipotecarios: incluye Comprar ahora Pagar después, tarjetas de crédito, préstamos a plazos, préstamos personales y préstamos para automóviles. La disponibilidad y la cobertura variarán según la región.
Overall Debt
Mortgage Debt
Non-Mortgage Debt
Ir a Demanda
Ir a Morosidades
Delinquencies
Utilization
Overall Debt
Demand
Australia: Mortgage portfolio growth slows to 4% as originations continued to drop. Q2 2023 fell 18% compared to Q2 2022. Growth in average limit per loan slowed compared to last year and below inflation levels at 2.7% higher than last year
United States: Non-mortgage debt has increased by ~9% from Q2 2022. Auto Lease debt and HELOC debt decreased, while Auto Loan debt increased by 23%
Canada: Non-mortgage debt continues to rise with credit cards being the biggest driver
United Kingdom: Consumers paying off credit card debt throughout the pandemic with balances still below 80% of January 2020 levels
Argentina: Non-mortgage debt remains stable after the decrease in Q4 2022, mainly caused by bonuses and salary adjustments and by a drop in consumption due to loss of purchasing power due to high inflation
United States: Total mortgage debt continued to rise, but at a slower rate as new originations slow down. Mortgage debt increased by 5% YoY
Canada: Mortgage debt rising again with higher new originations along with high average loan amount on new mortgages
Australia & New Zealand: Australian mortgage refinance inquiries continued to be active as consumers look for better rates with a modest fall of 2.8% compared to Q1. New Zealand mortgage demand stabilizing this quarter at -1.7% compared to 2022 as average property prices continued to decline.
Inflationary pressure reflected in increasing card delinquency rates across regions.
90+ Delinquency (#) - Credit Card Chart data is indexed as of Q4 2019.
*Data not reported for this region
Utilization
Rising Card Delinquencies
Revolving debt
Delinquencies
Utilization
Overall Debt
Demand
Argentina: The second quarter presents stable levels of credit card utilization. In the context of high inflation and rising interest rates, credit cards have become the most common financial instrument
Overall: Multiple regions are showing an uptick in credit card delinquency
Canada: Vintage view of credit card delinquencies shows a much higher increase in newly opened cards after 6 months of opening (especially in the sub-prime segments)
Ecuador: Credit card utilization remains stable and new accounts present a 10% increase as a result of supply restrictions on microcredit loans
Canada: Credit card utilization is increasing but the overall impact on utilization is being masked due to increasing growth in new credit card volume and higher credit limits being assigned to new cards
Delinquency rates continue to rise, with some regions close to pre-pandemic levels.
Chart data is indexed as of Q4 2019.
*Data not reported for this region
Delinquency: The delinquency rate refers to the percentage of loans that are 90 or more days past due.
Delinquencies
United States
Delinquencies
Utilization
Overall Debt
Demand
Non-mortgage delinquency (removing student loans) have reached pre-pandemic levels, while mortgage delinquency remains much lower, despite an uptick in Q1 2023
Consumer loans, auto and credit card delinquency are exceeding pre-pandemic delinquency levels, with bankcard and personal loans showing signs of increased early delinquency levels in recent vintages
Canada
Delinquencies are near 2019 levels for auto and credit cards
Non-mortgage trade delinquencies up by 28.9% for non-mortgage consumers and up 37.6 for mortgage consumers compared to 12 months ago
Go To Utilization
Go To Overall Debt
Go To Delinquencies
Go To Demand
Go To Overall Debt
Go To Utilization
Delinquencies
Utilization
Overall Debt
Demand
Australia: Mortgage debt will continue to be elevated as a result of the pandemic property boom
United States: Total mortgage debt continued to rise—9% YOY in March
Canada: Despite a decline in new mortgage volume, Canada’s mortgage debt grew by 9.2% YOY and 2.6% QOQ in Q2 2022
Argentina: After a high increase in the third quarter of 2021, demand of non-mortgage loans has stabilized in 2022 with bigger values for Q2 than Q1
Non-Mortgage Inquiries
United States: Bankcard utilization is increasing across all score tiers, however has not returned to pre-COVID levels
Canada: Average credit limit on new cards is up by 27% when compared to the same time period in 2021
Argentina: Credit limit increases didn't follow the inflation rate behavior, which can impact the utilization levels. Utilization levels are moving around 35% in the last 3 quarters
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Non-Mortgage Inquiries
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Spain: There is a slight change in the trend of the debt due to worsening of the risk profile in credit portfolios as a consequence of the macro-economic environment (Spain only reports defaulted assets)
United States: While the unit delinquency rate has surpassed pre-pandemic levels, the dollar delinquency rate lags behind; and is still below pre-pandemic levels. While subprime has the most marked increase, prime loans have reached pre-pandemic default levels as well
*Includes Buy Now Pay Later, credit cards, installment loans, personal loans and automobile loans. Availability and coverage will vary by region.
Australia & New Zealand
Spain: Continued decrease in debt due to financial government support during pandemic period (Spain only reports defaulted assets)
Canada: Non-mortgage debt in Canada surpassed pre-pandemic levels with huge growth
in new credit card volume
Debt: Money borrowed by consumers at a point in time. Refers to amortized limit or outstanding balance depending on data collected from each region, except Spain which reports just defaulted assets because Spanish Bureau manages negative data only.
Non-Mortgage: Includes Buy Now Pay Later, credit cards, installment loans, personal loans and automobile loans. Availability and coverage will vary by region.
Consumers with no mortgage are showing early signs of financial stress and are missing payments on non mortgage credit products at a faster rate than consumers with a mortgage
Mortgage delinquency rates remain at low levels with many households still on low interest rates, expected increase in delinquencies as consumers roll off fixed rates
United Kingdom
Canada: Credit demand remained high partly due to increasing need for credit from existing consumers as well as high immigration
United Kingdom & Spain: Credit demand has now reached pre-pandemic levels in the UK compared to 2019, although it is not in the same situation in Spain (~90%)
Australia & New Zealand: Overall unsecured demand fell 8.3% in Australia, first negative growth quarter since 2021 as inflation cooled. Card demand grew moderately at 5.9% compared to last year. Credit card demand in NZ remained strong for Q2 2023 with average weekly volume up 7% against 2022 levels.
Argentina: Non-mortgage inquiries have remained stable at strong historical levels in a context of economic and political uncertainty due to upcoming elections
Argentina: Delinquency remains stable. This market behavior shows the same trend since 2021, according to historical loan delinquency levels
Ecuador: Personal Loans delinquency is starting to rise due to liquidity problems and uncertainty affecting sales and payment capacity
Australia: Signs of mortgage stress coming through, particularly with early delinquencies. 30-89 day delinquency rates increased from 0.28% in Q2 2022 to 0.40% in Q2 2023
United Kingdom & Spain: Credit demand has now reached pre-pandemic levels in the UK compared to 2019, although it is not in the same situation in Spain (~90%)
UK annual growth rate for all lending at 7.5% in January 2023 (12.4% for credit cards)
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Debt: Money borrowed by consumers at a point in time. Refers to amortized limit or outstanding balance depending on data collected from each region, except Spain which reports just defaulted assets because Spanish Bureau manages negative data only.
Non-Mortgage: Includes Buy Now Pay Later, credit cards, installment loans, personal loans and automobile loans. Availability and coverage will vary by region.
Go To Demand
Go To Delinquencies
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Ecuador: Non-mortgage debt presents an increase in the second quarter caused by an effect of accelerating economic decisions prior to anticipated elections and a higher economic uncertainty in the future plus liquidity restrictions ahead
UK annual growth rate for all lending at 7.3% in July (11.7% for credit cards)
Spain shows a slight increase in 1H 2023 credit demand from previous year
Ecuador: Non-mortgage inquiries are stable at pre-pandemic levels despite economic uncertainty
United States: Credit card debt has increased significantly over the past year due to new originations and increased credit limits. However, utilization remains below pre-pandemic levels
United Kingdom
Mortgage delinquency rates still at low levels with households still transitioning from pre-interest rate rise fixed agreements
Unsecured delinquency rates are starting to rise uniformly, with most product types approaching pre-pandemic levels of delinquency
Argentina & Ecuador
New Zealand: Mortgage delinquencies increasing across all day past due categories in the 1H of 2023. 90+ day delinquencies have increased from 0.18% last year to 0.25% in Q2 2023
Argentina: Non-mortgage debt remains stable after the decrease in Q4 2022, mainly caused by bonuses and salary adjustments and by a drop in consumption due to loss of purchasing power due to high inflation
UK annual growth rate for all lending at 7.3% in July (11.7% for credit cards)
Spain shows a slight increase in 1H 2023 credit demand from previous year
Australia & New Zealand: Credit card demand in NZ remained strong for Q2 2023 with average weekly volume up 7% against 2022 levels. Mortgage demand stabilizing this quarter at -1.7% compared to 2022 as average property prices continued to decline
Argentina: Non-mortgage inquiries have remained stable at strong historical levels in a context of economic and political uncertainty due to upcoming elections
Canada: Credit card utilization is increasing but the overall impact on utilization is being masked due to increasing growth in new credit card volume and higher credit limits being assigned to new cards
Canada
Mortgage delinquency rates still at low levels with households still transitioning from pre-interest rate rise fixed agreements
Argentina: Delinquency remains stable. This market behavior shows the same trend since 2021, according to historical loan delinquency levels
Argentina: Delinquency remains stable. This market behavior shows the same trend since 2021, according to historical loan delinquency levels
Ecuador: Personal Loans delinquency is starting to rise due to liquidity problems and uncertainty affecting sales and payment capacity
Argentina & Ecuador
