October 2023 Credit Industry Snapshot Report

The October 2023 Credit Industry Snapshot by TransUnion highlights rising consumer delinquency rates and average balances across credit products. Despite a resilient economy with a 4.9% GDP growth in Q3 2023, the impact of increasing interest rates is anticipated to slow growth in the coming quarters. This report provides key insights into consumer credit trends, including month-over-month comparisons for auto, bankcard, mortgage, and unsecured personal loans, essential for guiding lending strat