August 2025 Consumer Credit Pulse: The Current Trends

Highlights:

• Consumer originations increased year-over-year across most lending categories, with outstanding mortgage and revolving consumer debt continuing to rise.

• Delinquencies saw mixed trends, with increases in mortgage and auto year-over-year, while bankcard, private label, and personal loans improved. Federal student loan delinquency growth has slowed.

The August Market Pulse webinar showcased insights from Equifax Senior Advisor Jesse Hardin around current consumer credit trends. While this overview is meant to be a snapshot of the larger discussion, you can receive full access to the standard charts and graphs by reaching out to the Equifax Advisory team: [email protected].

Through April 2025, consumer originations rose year-over-year across all lending categories, but private label card products were lower year-over-year.¹

As of June 2025, outstanding mortgage and revolving consumer debt continue to climb year-over-year; non-revolving has slowed year-over-year, but rose month-over-month.²

As of June 2025, non-mortgage outstanding consumer debt has increased for auto, bankcards and personal loans year-over-year. Student loans and private label cards continue to be lower.²

June 2025 saw utilization decrease slightly for bankcard, while credit limit for bankcard increased. Home equity metrics continue to increase, while private label card metrics are mixed.²

June 2025 delinquencies for mortgage and auto increased year-over-year, while bankcard, private label, and personal loans improved year-over-year.²

Federal student loan delinquency growth slows in June. After major ramp-up in Q1, delinquency has leveled out some.²

Lenders are facing a growing fraud industry fueled by the rapid shift towards digital account opening and transactions.³

Keep Your Business Goals Within Sight

Reach out to the Equifax Risk Advisory team at [email protected] for full access to the standard charts and graphs referenced in this report.

We hope you will join us for our September 2025 Market Pulse webinar taking place on Thursday, September 18, 2025, where our talented and dynamic panel will discuss how data can answer your top questions around today's mortgage market. To ask questions in real time and gain deeper insights before anyone else, you must be there. Don't miss it!

Find our monthly Small Business Insights, National Consumer Credit Trends reports, the Market Pulse podcast, and more at our Market Pulse hub.

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Sources:

1. Equifax US National Consumer Credit Trends Originations Report from July 2025 - Data through Apr 2025

2. Equifax US National Consumer Credit Trends Portfolio Report from July 2025 - Data as of June 2025

3. Equifax Fraud Database through June 2025

(c) Equifax Inc. 2025. All Rights Reserved. The statistics provided herein are for informational and illustrative purposes only and shall not be used for any other purpose.

*The opinions, estimates, and forecasts presented herein are for general information use only. This material is based upon information that we consider to be reliable, but we do not represent that it is accurate or complete. No person should consider distribution of this material as making any representation or warranty with respect to such material and should not rely upon it as such. Equifax does not assume any liability for any loss that may result from the reliance by any person upon any such information or opinions. Such information and opinions are subject to change without notice. The opinions, estimates, forecasts, and other views published herein represent the views of the presenters as of the date indicated and do not necessarily represent the views of Equifax or its management.