March 2025 Consumer Credit: Trends at a Glance

The March Market Pulse webinar showcased insights from Senior Equifax Advisor Maria Urtubey concerning 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 Risk Advisory team: RiskAdvisors@Equifax.com.

March 2025 Key Insights: The Latest Consumer Credit Trends 

Through November 2024, consumer originations continued to be lower year-over-year across several lending categories as a result of higher rates, prices and tougher lending standards, that still weigh on consumer demand.¹

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

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

January 2025 saw utilization decrease slightly year-over-year for an increased credit limit for bankcard; home equity metrics continue to increase, while private label card metrics are mixed.²

January 2025 delinquencies for auto and mortgage increased year-over-year confirming continued consumer stress.²

How is the resumption of federal student loan payment reporting affecting non-deferred student loan delinquency? Here is reporting observed in February, 2025³:

Keep Your Business Goals Within Sight

Reach out to the Equifax 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 April 2025 Market Pulse webinar taking place on Thursday, April 24, 2025, where we will hear up-to-the-minute trends, opportunities, and insights about small business. 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. 

Interested in learning how personalized insights can drive your business forward? Sign up for a complimentary 60-minute Market Pulse Advisory with one of our experts. 

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

Sources:

1. Equifax US National Consumer Credit Trends Originations Report from Feb 2025 - Data through Nov 2024

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

3. Equifax US National Consumer Credit Trends Portfolio Report from Mar 2025 - Data as of Feb 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.