TransUnion 2025 Consumer Credit Forecast Points to Moderating Credit Card Balance Growth and Slower Delinquency Gains
TransUnion 2025 Consumer Credit Forecast Points to Moderating Credit Card Balance Growth and Slower Delinquency Gains
TransUnion projects delinquency expectations for major credit products during the next year
TransUnion預計未來一年主要信用產品的違約預期
CHICAGO, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Following four years of increases in credit card balances and delinquencies, a new TransUnion (NYSE: TRU) consumer credit forecast projects a slowdown in growth for both metrics by the end of 2025. TransUnion's forecast also examined the state of delinquency in 2025 for auto loans, unsecured personal loans and mortgages.
芝加哥,2024年12月11日(全球新聞網絡)——在經歷了四年的信用卡餘額和違約增加後,新的TransUnion(紐交所:TRU)消費者信用預測預計到2025年底這兩個指標的增長將放緩。TransUnion的預測還考察了2025年汽車貸款、無擔保個人貸款和抵押貸款的違約狀態。
The forecast highlights the outlook for credit cards as this credit product is by far the most widely used in the U.S. In Q3 2024 (latest data available), there were 554.5 million active credit cards held by U.S. consumers. In the last four years alone, the number of credit cards increased by more than 100 million (451.6 million in Q3 2020).
該預測突出了信用卡的前景,因爲這種信用產品在美國使用最爲廣泛。在2024年第三季度(最新可用數據),美國消費者持有55450萬張活躍信用卡。在過去四年中,僅信用卡數量就增加了超過10000萬(2020年第三季度爲45160萬)。
"We've observed widespread growth in credit cards in recent years for myriad reasons. Notably, credit card issuers felt comfortable taking on more risk, while consumer appetite for credit rose in tandem with higher costs for everyday goods and services," said Paul Siegfried, senior vice president and credit card business leader at TransUnion. "As inflation pressures dissipate and interest rates continue their slow decline, we believe there will also be a slowing in both credit card balance growth and serious delinquency rates."
「我們觀察到,由於多種原因,近幾年來信用卡出現了廣泛增長。值得注意的是,信用卡髮卡機構對承擔更多風險感到舒適,而消費者對信用的需求也隨着日常商品和服務的成本上升而增加,」TransUnion信用卡業務高級副總裁保羅·西格弗裏德表示。「隨着通貨膨脹壓力減輕和利率緩慢下降,我們相信信用卡餘額增長和嚴重違約率也會放緩。」
TransUnion projects credit card balances to increase to $1.09 trillion by the end of 2024, representing a year-over-year (YoY) increase of 3.9%. A similar YoY rise of 4.4% to $1.1 trillion is expected at the close of 2025. These expected increases are well below the YoY growth seen in 2022 and 2023 of 18.5% and 12.6%, respectively.
TransUnion預計到2024年底,信用卡餘額將增加到1.09萬億,年增長率(YoY)爲3.9%。預計到2025年底,將有4.4%的類似年增長率增至1.1萬億。這些預期的增長遠低於2022年和2023年分別爲18.5%和12.6%的年增長率。
Balances among non-prime credit card borrowers, those borrowers with VantageScore 4.0 scores of 660 or below, are forecast to grow at a slower rate than in recent years. Among non-prime borrowers, balances are expected to grow by 4% YoY in 2024 and 8% in 2025 after growing by 39% and 21% in 2022 and 2023.
截至2023年10月,非優質信用卡借款人,VantageScore 4.0評分爲660或以下的借款人的餘額預計將以比近年來更慢的速度增長。在非優質借款人中,預計2024年餘額將同比增長4%,2025年增長8%,而在2022年和2023年分別增長了39%和21%。
After Double Digit Growth in 2022 and 2023, Card Balances Are Expected to Grow More Slowly
在2022年和2023年經歷兩位數增長後,信用卡餘額預計將放緩增長
Metric/Year |
2019 | 2020 | 2021 | 2022 | 2023 | 2024* | 2025* |
Year-End Balances ($B) | $846.5 | $740.3 | $785.2 | $930.6 | $1,047.9 | $1,088.8 | $1,136.3 |
YoY % Change |
5.7% | -12.5% | 6.1% | 18.5% | 12.6% | 3.9% | 4.4% |
指標/年份 |
2019 | 2020 | 2021 | 2022 | 2023 | 2024* | 2025* |
年末餘額(億美元) | $846.5 | $740.3 | $785.2 | $930.6 | $1,047.9 | $1,088.8 | $1,136.3 |
同比% 變更 |
5.7% | -12.5% | 6.1% | 18.5% | 12.6% | 3.9% | 4.4% |
*Forecasted
*預測
Serious credit card delinquency rates of 90 or more days past due (90+ DPD) are expected to increase for the fifth consecutive year in 2025 to 2.76%. The expected 12 basis point (bps) YoY rise will follow an anticipated YoY rise of 5 bps in 2024 but is much lower than what was observed in 2022 (+78 bps) and 2023 (+33 bps).
預計到2025年,90天或更長時間逾期的嚴重信用卡拖欠率將連續第五年增長,達到2.76%。預計同比上升12個點子將繼2024年預計的5個點子同比上升之後,但遠低於2022年(+78個點子)和2023年(+33個點子)的水平。
Card Delinquencies Are Forecast to Grow More Slowly in the Coming Year
信用卡逾期率預計將在未來一年增長速度更慢
Metric/Year |
2019 | 2020 | 2021 | 2022 | 2023 | 2024* | 2025* |
Year-End DQ Rate (90+ DPD) | 2.19% | 1.30% | 1.48% | 2.26% | 2.59% | 2.64% | 2.76% |
YoY Change |
25 bps | -89 bps | 18 bps | 78 bps | 33 bps | 5 bps | 12 bps |
指標/年份 |
2019 | 2020 | 2021 | 2022 | 2023 | 2024* | 2025* |
年末逾期率(90天以上逾期) | 2.19% | 1.30% | 1.48% | 2.26% | 2.59% | 2.64% | 2.76% |
同比 變更 |
25個點子 | -89個點子 | 18個點子 | 78個點子 | 33個點子 | 5個點子 | 12個點子 |
*Forecasted
*預測
"The growth in total credit card balances is expected to be driven by gradual increases in prices and in consumer spending, along with slower increases in personal savings," said Michele Raneri, vice president and head of U.S. research and consulting at TransUnion. "We are forecasting credit card balance increases more in line with the single-digit growth observed in pre-pandemic years. This slowing growth and the overall stabilization of the economy offers optimism that we may be nearing a tipping point when it comes to the increases in serious delinquency rates over the past several years."
「預計信用卡餘額的增長將受到價格逐步上漲和消費者支出的推動,同時個人儲蓄的增長速度較慢,」TransUnion美國研究與諮詢副總裁米歇爾·拉內裏表示。「我們預測信用卡餘額的增長將更趨向於與疫情前年份觀察到的個位數增長相符。這種增長放緩和整體經濟的穩定給予我們樂觀的預期,我們可能正接近一個臨界點,即近年來嚴重逾期率的增長。」
This projected slower balance growth comes as more consumers appear confident about the state of their household budgets. According to TransUnion's recently released Q4 2024 Consumer Pulse study, 63% of consumers indicated that their household finances were as planned or better than expected in Q4 2024. This is up from 60% one year prior.
預計這種緩慢的餘額增長是因爲更多消費者對家庭預算的狀況感到自信。根據TransUnion最近發佈的2024年第四季度消費者脈搏研究,63%的消費者表示他們的家庭財務如預期或好於預期,這比一年前的60%有所上升。
Mixed Outlook for Delinquency Among Other Credit Products, but Potential for Optimism
其他信用產品的逾期前景複雜,但充滿樂觀的潛力
Among other lending categories, delinquencies are, for the most part, leveling off as the macroeconomic picture improves and consumers gradually find themselves in more favorable financial positions.
在其他貸款類別中,逾期情況在大多數情況下趨於平穩,因爲宏觀經濟環境改善,消費者逐漸發現自己處於更加有利的財務狀況。
-
Auto loan delinquencies are expected to stabilize in Q4 2024 and see a decline in Q4 2025 following two consecutive years of growth. Serious delinquency rates of 60 or more days past due (60+ DPD) are forecasted to remain flat YoY in Q4 2024 before a slight decline of 7 bps in Q4 2025.
- After seeing a decline of 24 bps in Q4 2023, serious unsecured personal loan delinquency rates (60+ DPD) are expected to remain relatively flat in Q4 2024 (-3 bps) and see a small uptick in Q4 2025 (+13 bps). A key element of this increase is likely lenders expanding their buy boxes to riskier borrowers as the economy continues to stabilize.
- Despite three consecutive YoY increases (among them a forecasted increase of 15 bps in Q4 2024), 60+ DPD mortgage delinquency rates remain extremely low relative to historical norms and are expected to remain flat in Q4 2025 (-1 bps).
- 預計汽車貸款逾期率在2024年第四季度將穩定,並在2025年第四季度出現下降,此前經歷了連續兩年的增長。60天或更長時間逾期的嚴重逾期率(60+ DPD)預計在2024年第四季度將同比保持平穩,然後在2025年第四季度略微下降7個點子。
- 在2023年第四季度下降24個點子後,嚴重無擔保個人貸款逾期率(60+ DPD)預計在2024年第四季度將相對平穩(下降3個點子),並在2025年第四季度略有上升(增加13個點子)。這一增長的一個關鍵因素可能是貸款機構在經濟持續穩定的情況下擴展其買入範圍以吸引風險較高的借款人。
- 儘管連續三年同比增長(預計在2024年第四季度增長15個點子),但60天及以上逾期的抵押貸款逾期率仍然相對於歷史標準極低,並預計在2025年第四季度保持平穩(下降1個點子)。
Serious Delinquency Rates Are Not Expected to See Significant Growth
預計嚴重逾期率不會出現顯著增長。
Credit Product/ Year-End DQ Rate |
2019 | 2020 | 2021 | 2022 | 2023 | 2024* | 2025* |
Auto Loans | 1.29% | 0.95% | 0.92% | 1.26% | 1.42% | 1.45% | 1.38% |
Unsecured Personal Loans | 3.48% | 2.70% | 3.00% | 4.14% | 3.90% | 3.87% | 4.00% |
Mortgage | 1.63% | 1.03% | 0.82% | 0.96% | 1.11% | 1.26% | 1.25% |
信貸產品/ 年終逾期率 |
2019 | 2020 | 2021 | 2022 | 2023 | 2024* | 2025* |
汽車貸款 | 1.29% | 0.95% | 0.92% | 1.26% | 1.42% | 1.45% | 1.38% |
無擔保個人貸款 | 3.48% | 2.70% | 3.00% | 4.14% | 3.90% | 3.87% | 4.00% |
Mortgage | 1.63% | 1.03% | 0.82% | 0.96% | 1.11% | 1.26% | 1.25% |
*Forecasted
*預測
"One common thread that we see across lending categories is moderation in serious delinquency, likely driven by a stabilizing economy," said Jason Laky, executive vice president and head of financial services at TransUnion. "Consumers are returning to a financial equilibrium, increasingly finding the room needed in their monthly budgets to make on-time payments and avoid falling behind. Economic conditions are forecast to continue to gradually improve in 2025. As lenders look for loan growth next year, they should use all of the tools at their disposal to make the best possible lending decisions."
"我們在各個貸款類別中看到的一個共同點是嚴重逾期的情況有所緩和,這可能是由於經濟開始穩定," TransUnion的執行副總裁兼金融服務主管Jason Laky表示。"消費者正在回歸財務平衡,越來越多地在他們的月度預算中找到足夠的空間,以按時付款,避免落後於人。預計經濟狀況在2025年將繼續逐漸改善。隨着貸款人在明年尋求貸款增長,他們應該利用手頭所有工具作出最佳的貸款決策。"
TransUnion's forecasts are based on various economic assumptions, such as expected consumer spending, disposable personal income, home prices, inflation, interest rates, real GDP growth rates and unemployment rates, among other metrics. The forecasts could change if there are unanticipated shocks to the economy. Better-than-expected improvements in the economy, such as potential increases in GDP and disposable income, could also impact these forecasts.
TransUnion的預測基於各種經濟假設,例如預計的消費支出、可支配個人收入、房價、通貨膨脹、利率、實際GDP增長率和失業率等指標。如果經濟出現意外衝擊,這些預測可能會發生變化。經濟上好於預期的改善,如GDP和可支配收入的潛在增長,也可能影響這些預測。
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要了解貸款人如何以更快、更精準和更有控制力的方式贏得更多客戶,請點擊此處。要了解TruVision如何利用風險管理產品更精確地平衡風險與機會,以識別和管理最佳客戶,請點擊此處。
For tips on how utilization rate, payment history and other factors can impact consumers' credit, visit TransUnion's blog on how to use a credit card responsibly.
有關如何利用率、支付歷史和其他因素影響消費者信用的提示,請訪問TransUnion的 關於如何負責任地使用信用卡的博客。
About TransUnion (NYSE: TRU)
關於TransUnion(紐交所:TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.
TransUnion是一家全球信息和洞察公司,擁有超過13,000名員工,分佈在30多個國家。我們通過確保每個人在市場上都得到可靠的表現,使信任成爲可能。我們通過每個人的真實情況來實現這一目標:對消費者的可操作視圖,經過精心管理。通過我們的收購和科技投資,我們開發了超越核心信用強大基礎的創新解決方案,涉及市場營銷、欺詐、風險和愛文思控股等領域。因此,消費者和企業可以自信地進行交易,實現偉大的成就。我們稱之爲「爲善而信息」——這爲全球數百萬人的經濟機會、良好體驗和個人賦權鋪平了道路。
Contact | Dave Blumberg |
TransUnion | |
david.blumberg@transunion.com | |
Telephone | 312-972-6646 |
聯繫 | 戴夫·布倫伯格 |
TransUnion | |
電子郵件 | david.blumberg@transunion.com |
電話 | 312-972-6646 |