Strong growth in credit 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: Younger (under 35 years of age), new to credit consumers driving new credit card growth
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 has been increasing across 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: Drop in property sale price yet to show impact on overall mortgage debt at a national level. Mortgage debt continues to climb; increased 6% and 15% compared to Q4 2021 and Q4 2020, respectively
United States: Non-mortgage debt has increased almost 9%; Auto loan debt is now almost 7% higher than at the end of 2021
Canada: Average non-mortgage debt per consumer is at $21,121, an increase of 2.1% compared to Q4 2021
United Kingdom: Consumers paying off credit card debt throughout the pandemic with balances still below 80% of January 2020 levels
Argentina: Non-mortgage debt presents a decrease between Q3 and Q4, mainly caused by movements in inflation and exchange rate. Debt stock has remained stable during 2022
United States: Total mortgage debt continued to rise, but at a slower rate as new originations slow down
Canada: Drop in new mortgage volume is slowing down the increasing mortgage debt levels
Canada: High interest rates massively slowing down mortgage demand
Australia: Largest fall in mortgage demand since pandemic, down 16% compared to elevated demand levels during Q4 2021. Widespread fall in property prices nationwide as consecutive rate hikes and cost of living pressure continues
New Zealand: On top of rate pressures, tighter lending requirements introduced in late 2021 contributed towards lower mortgage demand in NZ; Q4 fell 27% YoY. However, despite softening market over 2022, this is 8% below pre-pandemic levels
Continued moderate increases in card utilization across regions.
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: Credit card utilization has been stable during 2022. Inflationary adjustments in credit card limits during the last quarter caused a drop in the utilization ratio
Overall: Multiple regions are showing an uptick in credit card delinquency
Canada: Non-mortgage debt in Canada surpassed pre-pandemic levels with huge growth in new credit card volume
Canada: Credit card utilization is increasing with high consumer spending. It is currently at 22.7%, up 7.3% from Q4 2021
United States: Subprime credit card utilization has been rising faster than prime and near prime and now exceeds pre-Covid levels
Delinquency rates rising in most regions in varying levels of severity.
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
Auto loan delinquency has surpassed pre-COVID levels, in both subprime and non-subprime segments
Bankcard delinquencies are rising across the US YoY but there are differences in the rate of increase by geographic region
Canada
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 delinquencies remained low
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: Continued decrease in debt due to financial government support during pandemic period, and particularly in Q4 due to sales of non-performing assets (Spain only reports defaulted assets)
United States: While the credit card unit delinquency rate is increasing, it is not quite back to pre-COVID levels. Subprime delinquency rates are showing more significant increases
*Includes Buy Now Pay Later, credit cards, installment loans, personal loans and automobile loans. Availability and coverage will vary by region.
United Kingdom, Australia & New Zealand
Argentina
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
Canada
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
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 & 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)
Argentina: Shows an increase of non-mortgage inquiries during the last two quarters of 2022
Argentina: Financial Institutions have been active in the market, especially in online offerings. Big banks are demonstrating a new trend of pre-approved offers for bank clients, which is generating a large volume of bureau inquiries
United Kingdom: 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: Unsecured delinquency rates are starting to rise uniformly, with most product types approaching pre-pandemic levels
Australia: Early personal loan delinquency increased by 0.4% compared to Q4 2021. This is likely to rise further due to the after-effects of the holidays season and increasing cost of living
New Zealand: Signs of strain on mortgage delinquencies in recent months as home ownership seeks to meet significant increases in mortgage interest payments as they roll off fixed rates
Argentina: Delinquency remains stable during 2022. This market behavior shows the same trend since 2021, according to historical loan delinquency levelscted increase in delinquencies as consumers roll off fixed rates
Canada: High interest rates massively slowing down mortgage demand
Australia: Largest fall in mortgage demand since pandemic, down 16% compared to elevated demand levels during Q4 2021. Widespread fall in property prices nationwide as consecutive rate hikes and cost of living pressure continues
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)
Argentina: Shows an increase of non-mortgage inquiries during the last two quarters of 2022
United Kingdom: 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: Unsecured delinquency rates are starting to rise uniformly, with most product types approaching pre-pandemic levels
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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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