June 2025 Consumer Credit: Trends at a Glance

Highlights: 

• Consumer originations increased year-over-year in several lending categories by February 2025, with the exception of card products.

• As of April 2025, outstanding mortgage and revolving consumer debt continue to rise year-over-year, while non-revolving debt growth has slowed. Non-mortgage debt increased for auto, bankcards, and personal loans, but student loans and private label cards decreased.

• Mortgage delinquencies rose year-over-year by April 2025, while delinquencies for auto, bankcard, private label, and personal loans improved. Within income tiers, older individuals appear to show greater financial resilience due to more time to build savings and equity.

The June Market Pulse webinar showcased insights from Equifax Senior Advisor Tom O’Neil regarding 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: RiskAdvisors@Equifax.com.

June 2025 Key Insights: Today’s Consumer Credit Trends 

Through February 2025, consumer originations rose year-over-year across several lending categories, but the card products were lower year-over-year.¹

As of April 2025, outstanding mortgage and revolving consumer debt continue to climb year over year, while non-revolving has slowed.²

As of April 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

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

While higher-income groups have generally fared better post-pandemic, a big indicator of financial resilience within income tiers amid rising delinquencies and economic change is age. It seems older individuals had more time to build savings, equity, and other financial foundations than younger consumers.³

Keep Your Business Goals Within Sight

Reach out to the Equifax Risk Advisory team at RiskAdvisors@Equifax.com for full access to the standard charts and graphs referenced in this report.  

We hope you will join us for our July 2025 Market Pulse webinar taking place on Thursday, July 17, 2025, where our talented and dynamic panel will discuss what new data and pressing topics you should know about to help bring confidence to your decision-making for the second half of the year. 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. 

Broaden your perspective with insights that inspire bold innovation, confident adaptation, and decisive leadership through Trend and Insights. 

Finally, connect with us on YouTube and LinkedIn for even deeper insights.

Sources:

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

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

3. Equifax; Data through April 2025; Not Seasonally Adjusted

(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.