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
North America
Canada: Non-mortgage demand primarily being driven by higher immigration. Mortgage demand is up year over year with first time home buyers as well as upcoming renewals driving inquiries
Europe
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 originations 9% below last year. National average limit per new account increased 8% YoY
United States: Non-mortgage debt increased by ~9% YoY, driven by increases in credit card debt (15%) and Auto debt (7%). Credit card originations limits are on the rise and are currently 9% higher than the same time a year ago
Canada: Non-mortgage debt continues to rise with credit cards being the biggest driver. Card spend is slowing but reduced payments are driving balances up
United Kingdom: Gradual long term increasing trend in credit card balances, likely driven by increased costs. Total credit card balances up 9.6% YoY
Argentina: Non-mortgage debt presents a 9.2% drop mainly caused by an exchange rate correction and banks’ reluctance to expand their portfolios, given the economic uncertainty ahead of primary elections that took place in Oct ‘23
United States: Mortgage originations are down 20% while average loan amounts are staying steady YoY. Overall mortgage debt has increased by 3.7% YoY
Canada: Slowest increase in mortgage debt as new originations continue to decline
Higher card utilization and delinquencies across most regions
as consumers cope with cost of living pressure
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
United States: Credit card utilization has now reached pre-pandemic levels of ~22%. Credit card limits are 26% higher than pre-pandemic and credit card balances are 24% higher than pre-pandemic
United States: Credit card delinquency is continuing to increase and early delinquency (30+DPD after 6 months of opening) is continuing to increase for all score tiers, including prime
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)
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
Argentina: The third quarter presents stable levels of credit card utilization. In a context of monthly double-digit inflation and liquidity restrictions, credit cards still remain the most common financial instrument as a way to manage monthly inflation
Pronounced rise in personal loan delinquencies across multiple regions, with some areas surpassing 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
North America
Delinquencies
Utilization
Overall Debt
Demand
United States: Non-mortgage delinquency (removing student loans) have reached pre-pandemic levels on all product categories, while mortgage delinquency remains much lower, despite an uptick in 2023
United States: Auto and personal loan delinquency is continuing to increase, while credit card delinquency has steadied in the most recent month
Utilization
Overall Debt
Delinquencies
Demand
Overall Debt
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
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
Download The Full Report
Learn more about Global Credit Trends
Download The Full Report
Learn more about Global Credit Trends
Download The Full Report
Learn more about Global Credit Trends
Download The Full Report
Non-Mortgage Inquiries
Learn more about Global Credit Trends
Download The Full Report
Learn More About Global Credit Trends
Download The Full Report
Learn More About Global Credit Trends
Download The Full Report
Spain: Gradual decrease in mortgage debt and stabilization of other forms of debt (only defaulted assets)
*Includes Buy Now Pay Later, credit cards, installment loans, personal loans and automobile loans. Availability and coverage will vary by region.
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.
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
United Kingdom: Annual growth rate for all consumer credit rose to 8.0% in September, the highest since November 2018, primarily driven by the annual growth rate for credit card borrowing reaching 12.5% in September
Spain: Shows an increase in credit demand in Q4’23 compared to the previous quarter which normally has low activity during the summer period
United Kingdom: Mortgage delinquencies are showing sustained increases as mortgage customers transition out of low interest fixed rate periods on to new higher interest fixed or variable rate products. Unsecured delinquency rates are generally stable despite consumer cost pressures
Download The Full Report
Learn more about Global Credit Trends
Download The Full Report
Learn more about Global Credit Trends
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.
Demand
Delinquencies
Download The Full Report
Learn more about Global Credit Trends
Ecuador: Non-mortgage debt presents an increase in the third quarter caused by liquidity and credit supply restrictions. Mainly driven by a 5% increase in credit card debt in 3Q
Ecuador: Credit card utilization is slightly increasing. Total credit card debt presents a 5% increase in Q4 and a 16% YoY caused by limited microcredits, liquidity restrictions and use of credit cards as financial leverage
Europe
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
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
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
Brazil: Mortgage debts increased 2% YoY. Non-mortgage debts increased 3% YoY
Argentina: Non-mortgage inquiries have remained stable despite the economic context. Online inquiries remain strong in order to retain existing clients and focus on portfolio quality over new clients in the open market
South America
Ecuador: Non-mortgage inquiries present a slight slowdown (-2%) due to political instability, fiscal and financing risks
Brazil: In 2023, the demand for credit remained stable, but decreased by about 10% compared to the previous year
Australia: Mortgage demand during Q4’23 returns to positive growth for the first time since 2021. Softer inflation brought temporary relief for consumers, slowing unsecured credit demand by 5% compared to last year
New Zealand: Average weekly credit demand in 2023 finishes 4.8% higher than 2022 except for home lending. Weekly mortgage demand for 2023 finished 4% lower than 2022 with notably higher volume into the new year
Oceania
Brazil: The delinquency rate for credit cards increased 18% compared to the last year
Canada: Delinquencies and insolvencies are rising across the board. Over 150k more consumers missed at least 1 payment than 12 months ago
Canada: Mortgage delinquency is exceeding 2019 levels for younger consumers and those in Ontario and British Columbia
South America
Argentina: Delinquency is starting to rise since economic uncertainty and high interest rates are affecting payment capacity
Ecuador: Personal loans delinquency is starting to rise since liquidity problems and economic uncertainty are affecting payment capacity
Brazil: The delinquency rate for auto and personal loans increased slightly (2.2%). However, mortgages fell by 28.3% compared to the last year
Oceania
Australia: Delinquencies for mortgages and credit cards are hovering at 2022 levels. Personal loan and auto loan delinquencies improved compared to last year
New Zealand: While late stage home loan delinquencies were relatively stable for the later half of 2023, there is worsening hardship stress in the economy. Home loan accounts flagged in hardship have increased for 11 consecutive months
Australia: Mortgage originations 9% below last year. National average limit per new account increased 8% YoY
Canada: Non-mortgage demand primarily being driven by higher immigration. Mortgage demand is up year over year with first time home buyers as well as upcoming renewals driving inquiries
North America
Argentina: Non-mortgage inquiries have remained stable despite the economic context. Online inquiries remain strong in order to retain existing clients and focus on portfolio quality over new clients in the open market
Ecuador: Non-mortgage inquiries present a slight slowdown (-2%) due to political instability, fiscal and financing risks
Argentina: Non-mortgage inquiries have remained stable despite the economic context. Online inquiries remain strong in order to retain existing clients and focus on portfolio quality over new clients in the open market
Ecuador: Non-mortgage inquiries present a slight slowdown (-2%) due to political instability, fiscal and financing risks
South America
United Kingdom: Annual growth rate for all consumer credit rose to 8.0% in September, the highest since November 2018, primarily driven by the annual growth rate for credit card borrowing reaching 12.5% in September
Spain: Shows an increase in credit demand in Q4’23 compared to the previous quarter which normally has low activity during the summer period
Europe
United States: Auto and personal loan delinquency is continuing to increase, while credit card delinquency has steadied in the most recent month
Canada: Delinquencies and insolvencies are rising across the board. Over 150k more consumers missed at least 1 payment than 12 months ago
United States: Non-mortgage delinquency (removing student loans) have reached pre-pandemic levels on all product categories, while mortgage delinquency remains much lower, despite an uptick in 2023
Canada: Delinquencies and insolvencies are rising across the board. Over 150k more consumers missed at least 1 payment than 12 months ago
North America
Canada: Delinquencies and insolvencies are rising across the board. Over 150k more consumers missed at least 1 payment than 12 months ago