Household Debt and Credit: US

See also: Personal Consumption Expenditure | Personal Income

Forum Discussion: Consumer Debt and Credit

Data: Google Sheet | Tableau

Balances

Date Trillions of $	Mortgage	HE Revolving	Auto Loan	Credit Card	Student Loan	Other	Total
24:Q3	12.59	0.387	1.644	1.166	1.606	0.546	17.943
24:Q2	12.52	0.380	1.626	1.142	1.585	0.544	17.796
24:Q1	12.44	0.376	1.616	1.115	1.595	0.543	17.687
23:Q4	12.25	0.360	1.607	1.129	1.601	0.554	17.503
23:Q3	12.14	0.349	1.595	1.079	1.599	0.529	17.291
23:Q2	12.01	0.340	1.582	1.031	1.569	0.527	17.063
23:Q1	12.04	0.339	1.562	0.986	1.604	0.512	17.047
22:Q4	11.92	0.336	1.552	0.986	1.595	0.507	16.899
22:Q3	11.67	0.322	1.524	0.925	1.574	0.491	16.505
22:Q2	11.39	0.319	1.502	0.887	1.589	0.470	16.154
22:Q1	11.18	0.317	1.469	0.841	1.590	0.445	15.842
21:Q4	10.93	0.318	1.458	0.856	1.576	0.438	15.576
21:Q3	10.67	0.317	1.443	0.804	1.584	0.423	15.243
21:Q2	10.44	0.322	1.415	0.787	1.570	0.421	14.957
21:Q1	10.16	0.335	1.382	0.770	1.584	0.413	14.644
20:Q4	10.04	0.349	1.374	0.819	1.555	0.419	14.559
20:Q3	9.86	0.362	1.36	0.81	1.55	0.42	14.35
20:Q2	9.78	0.375	1.34	0.82	1.54	0.42	14.27
20:Q1	9.71	0.39	1.35	0.89	1.54	0.43	14.30
19:Q4	9.56	0.39	1.33	0.93	1.51	0.43	14.15

Debt to Income and GDP

[1]

[2]

Q2 2024

The report shows total household debt increased by $109 billion (0.6%) in Q2 2024, to $17.80 trillion.

• Mortgage originations continued increasing at about the same pace seen in the previous four quarters and stood at $374 billion
• Aggregate limits on credit card accounts increased modestly by $69 billion, representing a 1.4% increase from the previous quarter.
• Limits on HELOC increased by $3 billion, the ninth consecutive quarterly increase.
• Aggregate delinquency rates were unchanged from the previous quarter, with 3.2% of outstanding debt in some stage of delinquency.

Household Debt and Credit Developments as of Q2 2024

Category	Quarterly Change * (Billions $)	Annual Change** (Billions $)	Total As of Q1 2024 (Trillions $)
Mortgage Debt	(+) $77	(+) $505	$12.519
Home Equity Line of Credit	(+) $4	(+) $40	$0.38
Student Debt	(-) $10	(-) $16	$1.585
Auto Debt	(+) $10	(+) $44	$1.626
Credit Card Debt	(+) $27	(+) $111	$1.142
Other	(+) $1	(+) 17	$0.544
Total Debt	(+) $109	(+) $733	$17.80

Flow into Serious Delinquency (90 days or more delinquent)

Category1	Q2 2023	Q2 2024
Mortgage Debt	0.63%	0.95%
Home Equity Line of Credit	0.44%	0.51%
Student Loan Debt	0.85%	0.77%
Auto Loan Debt	2.41%	2.88%
Credit Card Debt	5.08%	7.18%
Other	4.65%	5.42%
ALL	1.16%	1.59%

Q1 2024

The report shows total household debt increased by $184 billion (1.1%) in the first quarter of 2024, to $17.69 trillion.

• Mortgage originations continued increasing at the same pace seen in the previous three quarters, and now stand at $403 billion
• Aggregate limits on credit card accounts increased modestly by $63 billion, representing a 1.3% increase from the previous quarter.
• Limits on HELOC grew by $30 billion and have grown by 14% over the past two years, after 10 years of observed declines.
• Aggregate delinquency rates increased in Q1 2024, with 3.2% of outstanding debt in some stage of delinquency at the end of March. Delinquency transition rates increased for all debt types. Annualized, approximately 8.9% of credit card balances and 7.9% of auto loans transitioned into delinquency.

Household Debt and Credit Developments as of Q1 2024

CATEGORY	QUARTERLY CHANGE * (BILLIONS $)	ANNUAL CHANGE** (BILLIONS $)	TOTAL AS OF Q1 2024 (TRILLIONS $)
MORTGAGE DEBT	(+) $190	(+) $398	$12.442
HOME EQUITY LINE OF CREDIT	(+) $16	(+) $37	$0.376
STUDENT DEBT	(-) $6	(-) $9	$1.595
AUTO DEBT	(+) $9	(+) $54	$1.616
CREDIT CARD DEBT	(-) $14	(+) $129	$1.115
OTHER	(-) $11	(+) $31	$0.543
TOTAL DEBT	(+) $184	(+) $640	$17.69

Flow into Serious Delinquency (90 days or more delinquent)

CATEGORY1	Q1 2023	Q1 2024
MORTGAGE DEBT	0.59%	0.92%
HOME EQUITY LINE OF CREDIT	0.48%	0.52%
STUDENT LOAN DEBT	0.94%	0.80%
AUTO LOAN DEBT	2.33%	2.78%
CREDIT CARD DEBT	4.57%	6.86%
OTHER	4.35%	5.43%
ALL	1.08%	1.54%

Q4 2023

The report shows total household debt increased by $212 billion (1.2%) in the fourth quarter of 2023

• Mortgage originations continued at a similar pace as seen in the previous two quarters, and now stand at $394 billion.
• Aggregate limits on credit card accounts increased modestly by $74 billion, representing a 1.6% increase from the previous quarter.
• Limits on HELOC grew by $24 billion and have grown by 10% over the past two years, after 10 years of observed declines.

CATEGORY	QUARTERLY CHANGE * (BILLIONS $)	ANNUAL CHANGE** (BILLIONS $)	TOTAL AS OF Q4 2023 (TRILLIONS $)
Mortgage Debt	(+) $112	(+) $329	$12.25
Home Equity Line Of Credit	(+) $11	(+) $24	$0.36
Student Debt	(+)  $2	(+) $6	$1.601
Auto Debt	(+) $12	(+) $55	$1.61
Credit Card Debt	(+) $50	(+) $143	$1.13
Other	(+) $25	(+) $47	$0.55
Total Debt	(+)  $212	(+) $604	$17.50

Flow into Serious Delinquency (90 days or more delinquent)

CATEGORY 1	Q4 2022	Q4 2023
Mortgage Debt	0.57%	0.82%
Home Equity Line Of Credit	0.51%	0.45%
Student Loan Debt	1.02%	0.79%
Auto Loan Debt	2.22%	2.66%
Credit Card Debt	4.01%	6.36%
Other	3.96%	5.15%
ALL	1.03%	1.42%

Q3 2023

The Report shows total household debt increased by $228 billion (1.3%) in the third quarter of 2023, to $17.29 trillion.

• Mortgage originations modestly declined to $386 billion in Q3 2023 and are well below the robust quarterly origination volumes observed between 2020 and 2021.
• The volume of newly originated auto loans, which includes leases, slightly increased and now stands at $179.3 billion.
• Aggregate limits on credit card accounts increased by $113 billion, a 2.46% increase from the previous quarter.
• Aggregate delinquency rates increased in Q3 2023, with 3% of outstanding debt in some stage of delinquency at the end of September. Delinquency transition rates increased for most debt types except student loans and home equity lines of credit. The increases in credit card delinquency were the sharpest among borrowers between the ages of 30 and 39.

Household Debt and Credit Developments as of Q3 2023

CATEGORY	QUARTERLY CHANGE * (BILLIONS $)	ANNUAL CHANGE**(BILLIONS $)	TOTAL AS OF Q3 2023 (TRILLIONS $)
Mortgage Debt	(+) $126	(+) $471	$12.14
Home Equity Line Of Credit	(+) $9	(+) $27	$0.349
Student Debt	(+) $30	(+) $25	$1.599
Auto Debt	(+) $13	(+) $71	$1.595
Credit Card Debt	(+) $48	(+) $154	$1.079
Other	(+) $2	(+) $38	$0.529
Total Debt	(+) $228	(+) $786	$17.291

Flow into Serious Delinquency (90 days or more delinquent)

CATEGORY 1	Q3 2022	Q3 2023
Mortgage Debt	0.50%	0.72%
Home Equity Line Of Credit	0.51%	0.41%
Student Loan Debt	1.04%	0.77%
Auto Loan Debt	2.02%	2.53%
Credit Card Debt	3.69%	5.78%
Other	3.55%	4.96%
ALL	0.94%	1.28%

Q2 2023

The report shows a slight uptick in total household debt in the second quarter of 2023, increasing by $16 billion (0.1%) to $17.06 trillion.

• Credit card accounts expanded by 5.48 million to 578.35 million. Aggregate limits on credit card accounts increased by $9 billion and now stand at $4.6 trillion.
• The share of debt newly transitioning into delinquency increased for credit cards and auto loans, with increases in transition rates of 0.7 and 0.4 percentage points respectively.
• About 39,000 individuals had new foreclosure notations on their credit reports, a very small increase from the first quarter. New foreclosures have stayed very low since even since the CARES Act moratorium was lifted.

CATEGORY	QUARTERLY CHANGE * (BILLIONS $)	ANNUAL CHANGE**(BILLIONS $)	TOTAL AS OF Q2 2023 (TRILLIONS $)
Mortgage Debt	(-) $30	(+) $627	$12.01
Home Equity Line Of Credit	(+) $1	(+) $21	$0.34
Student Debt	(-) $35	(-) $20	$1.57
Auto Debt	(+) $20	(+) $80	$1.58
Credit Card Debt	(+) $45	(+) $144	$1.03
Other	(+) $15	(+) $57	$0.53
Total Debt	(+) $16	(+) $909	$17.06

Flow into Serious Delinquency (90 days or more delinquent)

CATEGORY 1	Q2 2022	Q2 2023
Mortgage Debt	0.44%	0.63%
Home Equity Line Of Credit	0.32%	0.44%
Student Loan Debt	0.98%	0.85%
Auto Loan Debt	1.81%	2.41%
Credit Card Debt	3.35%	5.08%
Other	3.21%	4.65%
ALL	0.84%	1.16%

Volume by Riskcore

Morgage

https://www.newyorkfed.org/microeconomics/hhdc/background.html

Share by Credit Score

https://www.newyorkfed.org/microeconomics/hhdc/background.html

Date Billions of $	<620	620-659	660-719	720-759	760+	TOTAL
24:Q3	15.48	18.39	51.87	67.67	294.90	448.31
24:Q2	14.54	16.11	47.75	59.71	236	374.11
24:Q1	12.61	14.3	46.26	45.68	283.8	402.65
23:Q4	14.87	14.05	53.19	63.76	247.9	393.77
23:Q3	14.81	14.51	60.7	55.65	240.7	386.37
23:Q2	13.52	18.42	57.83	60.99	242.6	393.36
23:Q1	11.55	15.66	42.63	57.29	196.4	323.53
22:Q4	14.86	25.72	68.55	79.94	308.5	497.57
22:Q3	19.72	28.03	88.25	103.3	393.2	632.5
22:Q2	21.92	28.21	94.69	118.5	494.8	758.12
22:Q1	19.99	27.36	112.3	117.4	581.9	858.95
21:Q4	22.11	36.4	132.3	150.3	694	1035.11
21:Q3	23.31	33.54	130.4	158.4	769	1114.65
21:Q2	19.19	34.71	127.8	167.8	868.3	1217.8
21:Q1	15.74	29.15	110.7	151.7	831.1	1138.39
20:Q4	20.68	32.38	124.9	158.6	838	1174.56
19:Q4	26.88	28.51	98.38	119.6	478.6	751.97
18:Q4	15.2	23.88	68.17	61.93	232.3	401.48
17:Q4	20.37	23.68	74.87	76.28	256.3	451.5
16:Q4	22.82	27.97	100.6	105.2	360.2	616.79
15:Q4	21.4	24	77.4	70.8	243.3	436.9
14:Q4	14.92	22.03	62.41	100.64	154.22	354.2
13:Q4	16.22	18.85	65.7	134.57	216.01	451.4
12:Q4	16.43	23.26	71.72	155.58	285.77	552.8
11:Q4	15.7	14.64	48.37	106.39	219.03	404.1
10:Q4	18.87	18.34	47.6	122.86	255.34	463
09:Q4	22.01	22	57.67	113.64	177.34	392.7
08:Q4	29.66	24.8	52.44	82.77	112.29	302
07:Q4	53.46	44.72	105.11	148.91	162.35	514.6
06:Q4	92.82	70.42	137.7	191.52	149.43	641.9
05:Q4	87.04	77.7	184.83	238.86	211.56	800
04:Q4	88.88	67.39	158.89	209.93	146.26	671.4
03:Q4	90.06	86.37	212.36	349.56	289.7	1028.1

Autos

https://www.newyorkfed.org/microeconomics/hhdc/background.html

Share by Credit Score

https://www.newyorkfed.org/microeconomics/hhdc/background.html

Date Billions of $	<620	620-659	660-719	720-759	760+	TOTAL
24:Q3	31.2	18.2	37.3	28.6	69.0	184.2
24:Q2	30	18.7	36.6	28.3	65.6	179.1
24:Q1	26.2	15.8	34.3	25.6	63.6	165.5
23:Q4	25.5	17	34.6	25.3	62.5	164.9
23:Q3	28	18.8	38.8	27.6	66.1	179.3
23:Q2	29.8	18.5	38.4	28.4	63.8	179
23:Q1	23.4	16.3	34.9	27.5	59.5	161.7
22:Q4	28.5	20.8	44.3	30.2	62.4	186.2
22:Q3	30.3	21.3	40.8	30.6	62.4	185.4
22:Q2	35.4	23.7	44.7	29.8	65.3	198.8
22:Q1	27.7	22	40.3	27	59.5	176.6
21:Q4	30.9	22.3	40.7	27.9	58.8	180.5
21:Q3	33.8	23.7	45.6	32.5	63.2	198.8
21:Q2	35.2	23.3	45.1	31.1	67.2	201.9
21:Q1	23.3	17.2	32.8	23.5	55.9	152.7
20:Q4	28.1	19.7	31.4	24.4	58.1	161.6
19:Q4	31	16.7	33.5	22.4	55	158.6
18:Q4	27.9	16.7	31.8	20.3	47.7	144.3
17:Q4	26	16.7	30.2	20.2	44.1	137.2
16:Q4	27.2	17.8	31.8	19.5	45.7	142
15:Q4	28.7	17.1	28.9	18.5	38.3	131.5
14:Q4	28.6	16.5	26.8	17.4	36.1	125.5
13:Q4	25.2	15.6	22.5	15.1	31.7	110.1
12:Q4	23.5	14.9	23.5	16.4	31.6	110
11:Q4	17.7	11.2	18.7	13.6	27	88.2
10:Q4	16.8	9	17	12.7	26.4	82
09:Q4	11.4	7.4	13.2	11.3	23.2	66.5
08:Q4	16.9	8.6	15.5	11.3	20.5	72.8
07:Q4	28.7	11.8	19.3	14.2	24.9	98.9
06:Q4	30.8	12.9	23	15	22.8	104.5
05:Q4	31.4	18.1	25	13.7	20.4	108.6
04:Q4	30	13.3	26.4	16.6	23.4	109.8

Monthly Developments Credit

Data:

Consumer Credit % of GDP

https://fred.stlouisfed.org/series/TOTALSL

Date	Total Consumer Credit Owned and Securitized
	Billions of Dollars SA	M/M	Y/Y	FLOW M/M	FLOW Y/Y
2024-03-01	5,058.92	0.12	2.34	6.27	115.59
2024-02-01	5,052.64	0.30	2.57	15.02	126.66
2024-01-01	5,037.62	0.37	2.50	18.35	123.00
2023-12-01	5,019.28	0.06	2.56	3.21	125.24
2023-11-01	5,016.07	0.36	2.91	17.81	141.90
2023-10-01	4,998.26	0.18	3.09	8.96	149.62
2023-09-01	4,989.30	0.17	3.61	8.25	174.00
2023-08-01	4,981.04	-0.33	4.01	-16.73	191.96
2023-07-01	4,997.77	0.24	4.93	12.17	235.00
2023-06-01	4,985.60	0.48	5.25	23.77	248.59
2023-05-01	4,961.83	0.11	5.69	5.24	266.98
2023-04-01	4,956.59	0.27	6.29	13.27	293.37
2023-03-01	4,943.33	0.35	6.67	17.34	308.98
2023-02-01	4,925.99	0.23	7.18	11.36	330.09
2023-01-01	4,914.63	0.42	7.68	20.59	350.67
2022-12-01	4,894.03	0.41	7.60	19.87	345.50
2022-11-01	4,874.17	0.53	7.75	25.53	350.68
2022-10-01	4,848.64	0.69	7.75	33.35	348.68
2022-09-01	4,815.29	0.55	7.39	26.21	331.42
2022-08-01	4,789.08	0.55	7.36	26.31	328.11
2022-07-01	4,762.77	0.54	7.17	25.76	318.55
2022-06-01	4,737.01	0.90	7.01	42.17	310.45
2022-05-01	4,694.85	0.68	9.90	31.62	422.84
2022-04-01	4,663.23	0.62	9.93	28.88	421.42
2022-03-01	4,634.35	0.84	9.69	38.46	409.26
2022-02-01	4,595.89	0.70	9.08	31.94	382.67
2022-01-01	4,563.96	0.34	8.78	15.43	368.49
2021-12-01	4,548.53	0.55	8.69	25.04	363.68
2021-11-01	4,523.49	0.52	8.47	23.53	353.15
2021-10-01	4,499.96	0.36	7.93	16.08	330.53
2021-09-01	4,478	0.54	7.60	24.23
2021-08-01	4,454	0.38	7.43	17.00
2021-07-01	4,437	0.41	6.88	18.25
2021-06-01	4,418	3.45	6.88	147.46
2021-05-01	4,271	0.65	3.55	27.63
2021-04-01	4,243	0.39	2.40	16.46
2021-03-01	4,227	0.29	0.47	12.06
2021-02-01	4,215	0.42	-0.17	17.78
2021-01-01	4,197	0.29	-0.26	12.13
2020-12-01	4,185	0.36	-0.18	15.05
2020-11-01	4,170	0.08	0.15	3.51
2020-10-01	4,166	0.11	0.12	4.66
2020-09-01	4,162	0.39	0.42	16.20
2020-08-01	4,145	-0.13	0.35	-5.53
2020-07-01	4,151	0.41	0.83	17.07
2020-06-01	4,134	0.23	1.02	9.51
2020-05-01	4,124	-0.47	1.00	-19.27
2020-04-01	4,144	-1.51	1.80	-63.55
2020-03-01	4,207	-0.34	3.80	-14.53
2020-02-01	4,222	0.32	4.48	13.64
2020-01-01	4,208	0.38	4.49	15.91
2019-12-01	4,192	0.69	4.62	28.82

Revolving Credit

Resolving Consumer Credit Annual Change

https://fred.stlouisfed.org/series/REVOLSL

Consumer Credit % of GDP

https://fred.stlouisfed.org/series/REVOLSL

Date	Revolving Consumer Credit Owned and Securitized	Revolving Consumer Credit Owned and Securitized	Revolving Consumer Credit Owned and Securitized	Revolving Consumer Credit Owned and Securitized	Revolving Consumer Credit Owned and Securitized
	Billions of Dollars SA	M/M	Y/Y	FLOW M/M	FLOW Y/Y
Average	479.28	1.09	14.37	1.91	22.37
2024-03-01	1,337.77	0.01	7.83	0.15	97.15
2024-02-01	1,337.61	0.81	8.87	10.73	108.99
2024-01-01	1,326.89	0.61	8.45	8.07	103.43
2023-12-01	1,318.82	0.32	8.76	4.21	106.22
2023-11-01	1,314.61	1.11	9.50	14.47	114.10
2023-10-01	1,300.14	0.43	9.39	5.60	111.61
2023-09-01	1,294.54	0.45	10.31	5.76	121.00
2023-08-01	1,288.77	1.02	10.77	13.05	125.33
2023-07-01	1,275.72	0.74	10.81	9.40	124.47
2023-06-01	1,266.32	0.48	11.06	6.04	126.16
2023-05-01	1,260.28	0.64	12.65	8.05	141.51
2023-04-01	1,252.23	0.94	12.87	11.61	142.76
2023-03-01	1,240.62	0.98	13.09	11.99	143.55
2023-02-01	1,228.62	0.42	14.31	5.17	153.82
2023-01-01	1,223.45	0.90	15.14	10.86	160.92
2022-12-01	1,212.60	1.01	15.10	12.09	159.07
2022-11-01	1,200.51	1.01	14.98	11.98	156.39
2022-10-01	1,188.53	1.28	15.08	15.00	155.72
2022-09-01	1,173.53	0.87	14.52	10.09	148.76
2022-08-01	1,163.44	1.06	14.72	12.19	149.28
2022-07-01	1,151.25	0.97	13.85	11.08	140.06
2022-06-01	1,140.17	1.91	13.31	21.39	133.91
2022-05-01	1,118.77	0.84	14.41	9.31	140.89
2022-04-01	1,109.47	1.13	14.33	12.41	139.09
2022-03-01	1,097.06	2.07	12.90	22.25	125.36
2022-02-01	1,074.81	1.16	10.26	12.27	100.00
2022-01-01	1,062.54	0.86	9.39	9.01	91.23
2021-12-01	1,053.52	0.90	8.10	9.40	78.93
2021-11-01	1,044.12	1.09	7.39	11.31	71.82
2021-10-01	1,032.82	0.79	5.35	8.04	52.41
2021-09-01	1,023	1.04	4.09	10.55	40.17
2021-08-01	1,012	0.45	3.32	4.56	32.51
2021-07-01	1,008	0.58	1.87	5.79	18.48
2021-06-01	1,002	2.29	1.11	22.42	11.04
2021-05-01	979	0.81	-2.09	7.83	-20.86
2021-04-01	972	-0.05	-5.24	-0.44	-53.77
2021-03-01	972	-0.25	-10.17	-2.42	-110.08
2021-02-01	974	0.29	-11.45	2.82	-126.04
2021-01-01	972	-0.30	-11.33	-2.97	-124.17
2020-12-01	975	0.28	-10.75	2.73	-117.39
2020-11-01	972	-0.68	-9.74	-6.68	-104.84
2020-10-01	979	-0.41	-9.92	-4.03	-107.81
2020-09-01	983	0.30	-9.28	2.90	-100.53
2020-08-01	980	-0.96	-9.51	-9.48	-102.97
2020-07-01	989	-0.17	-8.52	-1.64	-92.16
2020-06-01	991	-0.95	-7.40	-9.48	-79.22
2020-05-01	1,000	-2.45	-6.87	-25.09	-73.78
2020-04-01	1,025	-5.24	-4.27	-56.75	-45.68
2020-03-01	1,082	-1.67	1.70	-18.38	18.14
2020-02-01	1,100	0.43	3.49	4.69	37.16
2020-01-01	1,096	0.35	3.31	3.81	35.12
2019-12-01	1,092	1.42	3.62	15.29	38.14

Non Revolving Credit

Non Revolving Consumer Credit Annual Change

https://fred.stlouisfed.org/series/NONREVSL

Non revolving Consumer Credit % of GDP

https://fred.stlouisfed.org/series/NONREVSL

Date	Nonrevolving Consumer Credit Owned and Securitized	Nonrevolving Consumer Credit Owned and Securitized	Nonrevolving Consumer Credit Owned and Securitized	Nonrevolving Consumer Credit Owned and Securitized	Nonrevolving Consumer Credit Owned and Securitized
	Billions of Dollars SA	M/M	Y/Y	FLOW M/M	FLOW Y/Y
2024-03-01	3,721.15	0.16	0.50	6.12	18.44
2024-02-01	3,715.03	0.12	0.48	4.29	17.67
2024-01-01	3,710.74	0.28	0.53	10.28	19.56
2023-12-01	3,700.46	-0.03	0.52	-1.00	19.02
2023-11-01	3,701.46	0.09	0.76	3.34	27.80
2023-10-01	3,698.11	0.09	1.04	3.35	38.01
2023-09-01	3,694.76	0.07	1.46	2.49	53.00
2023-08-01	3,692.27	-0.80	1.84	-29.78	66.63
2023-07-01	3,722.05	0.07	3.06	2.77	110.53
2023-06-01	3,719.28	0.48	3.40	17.73	122.43
2023-05-01	3,701.55	-0.08	3.51	-2.82	125.48
2023-04-01	3,704.37	0.04	4.24	1.65	150.61
2023-03-01	3,702.71	0.14	4.68	5.35	165.42
2023-02-01	3,697.36	0.17	5.01	6.19	176.28
2023-01-01	3,691.17	0.26	5.42	9.73	189.75
2022-12-01	3,681.44	0.21	5.33	7.78	186.43
2022-11-01	3,673.66	0.37	5.58	13.55	194.29
2022-10-01	3,660.11	0.50	5.57	18.35	192.96
2022-09-01	3,641.76	0.44	5.28	16.12	182.66
2022-08-01	3,625.64	0.39	5.19	14.11	178.83
2022-07-01	3,611.52	0.41	5.20	14.68	178.49
2022-06-01	3,596.85	0.58	5.16	20.77	176.53
2022-05-01	3,576.07	0.63	8.56	22.31	281.95
2022-04-01	3,553.76	0.47	8.63	16.47	282.33
2022-03-01	3,537.29	0.46	8.73	16.20	283.90
2022-02-01	3,521.09	0.56	8.73	19.67	282.67
2022-01-01	3,501.42	0.18	8.60	6.41	277.26
2021-12-01	3,495.01	0.45	8.87	15.64	284.75
2021-11-01	3,479.37	0.35	8.80	12.22	281.33
2021-10-01	3,465	0.29	8.70	9.98	277.35
2021-09-01	3,455	0.40	8.68	13.68	276.06
2021-08-01	3,441	0.36	8.71	12.44	275.68
2021-07-01	3,429	0.36	8.45	12.45	267.19
2021-06-01	3,417	3.80	8.70	125.05	273.45
2021-05-01	3,291	0.61	5.36	19.80	167.39
2021-04-01	3,272	0.52	4.92	16.90	153.41
2021-03-01	3,255	0.45	4.15	14.48	129.70
2021-02-01	3,240	0.46	3.81	14.96	119.07
2021-01-01	3,225	0.47	3.63	15.10	113.06
2020-12-01	3,210	0.39	3.55	12.31	110.06
2020-11-01	3,198	0.32	3.60	10.19	111.27
2020-10-01	3,188	0.27	3.67	8.69	112.71
2020-09-01	3,179	0.42	3.86	13.30	118.08
2020-08-01	3,166	0.12	3.85	3.95	117.43
2020-07-01	3,162	0.60	4.17	18.71	126.50
2020-06-01	3,143	0.61	4.00	18.99	120.83
2020-05-01	3,124	0.19	3.81	5.82	114.53
2020-04-01	3,118	-0.22	3.96	-6.81	118.84
2020-03-01	3,125	0.12	4.55	3.85	136.03
2020-02-01	3,121	0.29	4.83	8.95	143.77
2020-01-01	3,112	0.39	4.91	12.10	145.73
2019-12-01	3,100	0.44	4.98	13.53	147.01

Deliquencies

Percent Balance by Delinquency Status

Date	Current	30 days late	60 days late	90 days late	120+ days late	Severely Derogatory	Total
24:Q3	96.5	1.1	0.5	0.2	0.4	1.3	3.5
24:Q2	96.8	1	0.4	0.2	0.4	1.3	3.2
24:Q1	96.8	1	0.4	0.2	0.4	1.3	3.3
23:Q4	96.9	1	0.4	0.2	0.4	1.1	3.1
23:Q3	97	1	0.4	0.2	0.3	1.1	3
23:Q2	97.4	0.8	0.3	0.1	0.3	1	2.6
23:Q1	97.4	0.8	0.3	0.1	0.3	1	2.6
22:Q4	97.5	0.8	0.3	0.1	0.3	1	2.5
22:Q3	97.3	0.8	0.3	0.1	0.3	1.2	2.7
22:Q2	97.3	0.7	0.2	0.1	0.4	1.3	2.7
22:Q1	97.3	0.6	0.2	0.1	0.3	1.5	2.7
21:Q4	97.3	0.6	0.2	0.1	0.3	1.5	2.7
21:Q3	97.3	0.6	0.2	0.1	0.3	1.6	2.7
21:Q2	97.3	0.5	0.1	0.1	0.3	1.7	2.7
21:Q1	97	0.5	0.2	0.1	0.4	1.9	3.1
20:Q4	96.8	0.6	0.2	0.1	0.4	1.9	3.2
20:Q3	96.6	0.7	0.2	0.1	0.4	2	3.4
20:Q2	96.4	0.6	0.2	0.1	0.5	2.1	3.6
20:Q1	95.4	1.1	0.4	0.3	0.8	2.1	4.6
19:Q4	95.3	1.1	0.5	0.3	0.8	2	4.7
19:Q3	95.2	1.2	0.5	0.3	0.8	2	4.8
19:Q2	95.6	1.1	0.4	0.3	0.7	2	4.4
19:Q1	95.4	1.1	0.4	0.3	0.8	2	4.6
18:Q4	95.4	1.2	0.4	0.3	0.9	1.9	4.7
17:Q4	95.3	1.2	0.5	0.3	0.9	1.9	4.7
15:Q4	94.6	1.2	0.5	0.3	1.5	1.9	5.4
14:Q4	94	1.1	0.6	0.3	1.8	2.2	6
13:Q4	92.9	1.4	0.7	0.4	2.3	2.4	7.1
12:Q4	91.4	1.6	0.7	0.4	3	2.8	8.6
11:Q4	90.3	1.7	0.8	0.5	3.3	3.3	9.7
10:Q4	89.3	1.8	1	0.6	3.5	3.7	10.7
09:Q4	88.1	2.1	1.2	0.9	3.9	3.7	11.9
08:Q4	90.2	2.5	1.4	0.8	2.3	2.8	9.8
07:Q4	93.3	2.1	1	0.6	1.2	1.8	6.7
06:Q4	95.3	1.8	0.6	0.3	0.7	1.3	4.7
05:Q4	96.1	1.4	0.5	0.2	0.6	1.1	3.8
04:Q4	95.7	1.5	0.5	0.2	0.7	1.3	4.2
03:Q4	95.5	1.6	0.5	0.3	0.7	1.4	4.5

Percent of Balance Delinquent by Loan Type

Date	Balance 90+ Days Delinquent							New Delinquent Balances (30 or more days )							New Seriously Delinquent (90 or more days)
	MORTGAGE	HELOC	AUTO	CC	STUDENT LOAN	OTHER	ALL	AUTO	CC	MORTGAGE	HELOC	STUDENT LOAN	OTHER	Total	AUTO	CC	MORTGAGE	HELOC	STUDENT LOAN	OTHER	ALL
24:Q3	0.71	0.43	4.59	11.13	0.49	8.96	1.97	8.12	8.79	3.60	2.19	0.92	7.56	4.13	2.90	7.10	1.08	0.43	0.77	5.50	1.68
24:Q2	0.57	0.36	4.43	10.93	0.65	8.45	1.83	7.95	9.05	3.35	2.13	0.92	7.48	3.95	2.88	7.18	0.95	0.51	0.77	5.42	1.59
24:Q1	0.6	0.5	4.41	10.69	0.62	8.51	1.83	7.94	8.93	3.24	2.14	0.98	7.55	3.88	2.78	6.86	0.92	0.52	0.8	5.43	1.54
23:Q4	0.57	0.62	4.17	9.74	0.6	7.85	1.74	7.69	8.52	2.99	2.01	0.92	7.5	3.64	2.66	6.36	0.82	0.45	0.79	5.15	1.42
23:Q3	0.5	0.74	3.91	9.43	0.67	7.85	1.62	7.39	8.01	2.8	1.8	0.92	7.25	3.41	2.53	5.78	0.72	0.41	0.77	4.96	1.28
23:Q2	0.46	0.64	3.82	8	0.63	7.56	1.47	7.28	7.2	2.56	1.48	1.01	7.1	3.18	2.41	5.08	0.63	0.44	0.85	4.65	1.16
23:Q1	0.44	0.78	3.89	8.24	0.67	7.67	1.46	6.88	6.51	2.43	1.94	1.06	6.67	3	2.33	4.57	0.59	0.48	0.94	4.35	1.08
22:Q4	0.43	0.87	3.73	7.67	0.87	7.18	1.41	6.64	5.87	2.25	1.95	1.18	6.33	2.82	2.22	4.01	0.57	0.51	1.02	3.96	1.03
22:Q3	0.37	1.07	3.89	7.59	3.92	6.99	1.64	6.21	5.24	2.1	2.04	1.17	5.81	2.65	2.02	3.69	0.5	0.51	1.04	3.55	0.94
22:Q2	0.48	0.91	3.86	7.98	4.55	7.01	1.81	5.64	4.76	1.9	2.31	1.13	5.2	2.41	1.81	3.35	0.44	0.32	0.98	3.21	0.84
22:Q1	0.47	0.82	4	8.42	4.7	7.09	1.83	5.1	4.27	1.66	1.65	1.05	4.65	2.12	1.61	3.04	0.34	0.26	1.05	2.88	0.71
21:Q4	0.46	0.82	3.98	8.32	4.99	7.02	1.87	4.96	4.1	1.57	1.57	1.09	4.33	2.03	1.56	3.22	0.29	0.26	1.09	2.9	0.69
21:Q3	0.46	1	4.05	8.77	5.33	7.08	1.94	5	4.31	1.39	1.42	1.25	4.39	1.93	1.57	3.24	0.27	0.25	1.08	2.84	0.7
21:Q2	0.47	1.05	4.35	9.28	5.69	7.72	2.06	5.08	4.36	1.45	1.14	1.2	5.14	1.99	1.61	3.39	0.33	0.35	1.02	2.88	0.75
21:Q1	0.59	1.18	4.79	9.98	6.16	7.67	2.29	5.16	4.55	1.59	1.39	1.18	5.3	2.13	1.72	3.78	0.42	0.5	1.02	3.25	0.86
20:Q4	0.62	1.12	4.77	9.36	6.45	7.46	2.33	5.45	5.12	1.98	1.61	2.91	5.86	2.66	1.84	4.12	0.65	0.59	2.76	3.65	1.25
20:Q3	0.7	1.23	4.82	9.74	6.5	7.47	2.43	5.79	5.7	2.54	1.73	4.54	6.53	3.31	2.09	4.73	0.96	0.69	4.36	4.14	1.7
20:Q2	0.84	1.25	5.03	9.75	6.97	7.66	2.61	6.29	6.2	3.1	2.03	6.63	6.44	3.99	2.26	5.05	1.08	0.78	6.48	4.59	2.05
20:Q1	1.06	1.19	5.05	9.09	10.75	7.23	3.17	6.89	6.84	3.48	2.02	9.05	7.11	4.61	2.37	5.31	1.17	0.77	8.87	4.74	2.38
19:Q4	1.07	0.84	4.94	8.36	11.06	6.98	3.15	6.91	6.95	3.5	2.11	9.44	7.28	4.67	2.36	5.32	1.1	0.85	9.21	4.7	2.36
18:Q4	1.06	1.16	4.47	7.77	11.42	6.96	3.1	7.09	6.65	3.55	1.75	9.08	7.35	4.65	2.36	4.99	1.19	0.81	8.94	4.89	2.36
17:Q4	1.27	1.67	4.05	7.55	10.96	6.78	3.12	7.21	6.33	3.4	2.05	9.61	6.92	4.57	2.33	4.64	1.14	0.9	9.29	4.59	2.32
16:Q4	1.57	2.13	3.75	7.14	11.17	7	3.3	7.46	5.52	3.38	2.73	9.8	6.71	4.55	2.25	3.71	1.29	1.13	9.42	4.4	2.36
15:Q4	2.18	2.24	3.37	7.65	11.52	7.02	3.69	7.13	5.27	3.85	2.58	10.46	6.46	4.84	2.09	3.72	1.55	0.97	10.04	4.03	2.54
14:Q4	3.07	3.16	3.47	7.31	11.32	7.9	4.3	7.15	5.35	4.2	3.18	11.12	6.81	5.14	1.88	3.92	1.81	1.51	10.13	3.82	2.71
13:Q4	3.93	3.19	3.35	9.45	11.51	8.94	5.03	6.85	5.63	5.25	3.18	11.33	6.43	5.83	1.58	3.91	2.54	1.51	10.21	3.93	3.17
12:Q4	5.58	3.48	4.03	10.57	11.73	9.62	6.31	6.38	6.36	6.3	3.48	11.39	6.87	6.57	1.52	4.51	3.48	1.87	10.28	3.89	3.86
11:Q4	6.89	4.71	4.82	11.48	8.45	10.51	7.14	6.77	7.64	8.02	4.39	10.64	7.9	7.89	1.69	5.87	4.58	3.06	9.31	4.64	4.72
10:Q4	7.61	4.29	5.27	13.27	9.12	10.83	7.83	8.2	10.74	9.09	5.06	10.45	10.11	9.01	2.31	9.21	5.84	3.12	8.46	6.51	5.84
09:Q4	8.75	4.37	4.92	12.7	8.66	9.22	8.54	10.46	13.78	11.66	6.6	10.18	12.02	11.35	3.24	10.96	8.3	4.54	7.93	7.72	7.9
08:Q4	5.59	3.33	3.94	10.18	7.82	8.58	5.89	10.47	11.84	11.21	7.32	9.38	12.32	10.93	3.29	8.7	6.65	4.15	7.38	7.06	6.47
07:Q4	2.93	1.32	3.05	9.48	7.51	6.2	3.62	9.41	9.7	7.99	4.3	9.82	8.87	8.1	2.44	6.75	3.68	1.82	7.85	4.61	3.89
06:Q4	1.31	0.61	2.62	9.66	7.14	5.46	2.33	8.69	8.76	5.45	2.85	9.75	7.43	6.01	2.22	5.83	1.68	0.79	7.88	3.55	2.25
05:Q4	0.93	0.16	2.09	8.53	6.59	5.94	1.97	7.34	8.63	4.68	1.84	8.88	8.26	5.32	1.67	5.79	1.27	0.38	6.7	4.21	1.9
04:Q4	1.08	0.21	2.42	9.18	6.32	7.01	2.26	6.98	9.85	4.88	2.08	7.61	8.28	5.58	1.78	7	1.36	0.29	6.09	4.8	2.11
03:Q4	1.06	0.31	2.16	9.24	6.23	7.47	2.35	7.79	11.56	5.27	2.03		8.8	6.27	2.04	8.06	1.44	0.47		4.88	2.43

SCE CREDIT ACCESS SURVEY

June 2023

• The application rate for any kind of credit over the past twelve months declined to 40.3 percent from 40.9 percent in February, its lowest reading since October 2020. Application rates declined to 11.9 percent for auto loans and 12.5 percent for credit card limit requests, but increased to 24.8 percent for credit cards, 6.5 percent for mortgages, and 5.3 percent for mortgage refinances
• The overall rejection rate for credit applicants increased to 21.8 percent, the highest level since June 2018. The increase was broad-based across age groups and highest among those with credit scores below 680.
• The rejection rate for auto loans increased to 14.2 percent from 9.1 percent in February, a new series high. It increased for credit cards, credit card limit increase requests, mortgages, and mortgage refinance applications to 21.5 percent, 30.7 percent, 13.2 percent, and 20.8 percent, respectively.
• The proportion of respondents reporting that they are likely to apply for one or more types of credit over the next twelve months rose to 26.4 percent from 26.1 percent in February.
• The average reported probability that a loan application will be rejected increased sharply for all loan types. It rose to 30.7 percent for auto loans, 32.8 percent for credit cards, 42.4 percent for credit limit increase requests, 46.1 percent for mortgages, and 29.6 percent for mortgage refinance applications. The readings for auto loans, mortgages, and credit card limit increase requests are all new series highs.