November 2023 Credit Industry Snapshot

The November 2023 Credit Industry Snapshot by TransUnion highlights rising consumer delinquency rates across various credit products for the fourth consecutive month. Despite job growth and a decrease in the unemployment rate, consumer sentiment remains low due to elevated inflation and interest rates. This report provides detailed statistics on delinquency rates, average balances, and economic indicators affecting consumer credit trends, aiding lenders in strategic decision-making.