Graph and download economic data for Delinquency Rate on Consumer Loans, Banks Not Among the 100 Largest in Size by Assets (DRCLOBN) from Q1 1987 to Q4 2024 about delinquencies, assets, loans, consumer, banks, depository institutions, rate, and USA.

In the third quarter of 2024, roughly 2.73 percent of all consumer loans at commercial banks in the United States were delinquent. The delinquency rate on this type of credit has been rising again since 2021. Loans are delinquent when the borrower does not pay their obligations on time. One of the reasons for the delinquency rate decreasing during the first years of the COVID-19 pandemic was that the personal saving rate in the U.S. soared during that period. What is the trend in consumer credit levels in the United States? Consumer credit refers to the various types of loans and credit extended to individuals for personal use, often to fund everyday purchases or larger expenses. When credit levels rise, it often signals that consumers are more confident in their ability to manage debt and make future payments. After a period of strong growth between 2021 and early 2023, consumer credit in the United States has been growing at a slower pace. By early 2024, consumer credit levels reached over five trillion U.S. dollars. What is the main channel for acquiring consumer credit? In 2024, the leading type of consumer credit among consumers in the U.S. was credit card bills. Credit card usage in the North American country was substantial and credit card penetration was expected to reach over 68.4 percent by 2029. Car loans ranked next as a common source of consumer credit, while other types of debt, such as medical bills, home equity lines of credit, and personal educational loans, had lower percentages.

Graph and download economic data for Charge-Off Rate on Other Consumer Loans, All Commercial Banks (COROCLACBS) from Q1 1985 to Q4 2024 about charge-offs, commercial, loans, consumer, banks, depository institutions, rate, and USA.

Car loan interest rates in the United States decreased since June 2024. Thus, the period of rapidly rising interest rates, when they increased from less than four percent in February 2022 to 7.9 percent two years later, has come to an end. The Federal Reserve interest rate is one of the main causes of the interest rates of loans rising or falling. If inflation stays under control, the Federal Reserve will start cutting the interest rates, which would have the effect of the cost of car loans falling too. How many cars have financing in the United States? Car financing exists because not everyone who wants or needs a car can purchase it outright. A financial institution will then lend the money to the customer for purchasing the car, which must then be repaid with interest. Most new vehicles in the United States in 2024 were purchased using car loans. It is not as common to use car loans for purchasing used vehicles as for new ones, although over a third of used vehicles were purchased using loans. The car industry in the United States The car financing business is huge in the United States, due to the high sales of both new and used vehicles in the country. A lot of the United States is very car-centric, which means that, outside large cities, it can often be difficult to do their daily commutes through other transportation methods. In fact, only a small percentage of U.S. workers used public transport to go to work. That is one of the factors that has helped establish the importance of the automotive sector in North America. Nevertheless, there are still countries in Asia-Pacific, Africa, the Middle East, and Europe with higher car-ownership rates than the United States.

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, Large Domestically Chartered Commercial Banks (H8B1247NLGCQG) from Q4 2000 to Q4 2024 about charter, revolving, credit cards, large, domestic, loans, consumer, banks, depository institutions, and USA.

Commercial bank interest rates on personal loans with a maturity of 24 months in the United States were significantly higher in February 2024 than a year earlier. That month, that finance rate amounted to 12.49 percent. Since the year 2000, there have only been a few occasions in which the finance rate was 11 percent or higher.

Consumer Credit in the United States decreased to 18.08 USD Billion in January from 37.05 USD Billion in December of 2024. This dataset provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States - Delinquency Rate on Other Consumer Loans, All Commercial Banks was 2.42% in October of 2024, according to the United States Federal Reserve. Historically, United States - Delinquency Rate on Other Consumer Loans, All Commercial Banks reached a record high of 3.67 in April of 2009 and a record low of 1.50 in April of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Delinquency Rate on Other Consumer Loans, All Commercial Banks - last updated from the United States Federal Reserve on March of 2025.

United States Delinquency Rate: Consumer: Credit Cards data was reported at 2.540 % in Mar 2018. This records a decrease from the previous number of 2.560 % for Dec 2017. United States Delinquency Rate: Consumer: Credit Cards data is updated quarterly, averaging 4.200 % from Mar 1991 (Median) to Mar 2018, with 109 observations. The data reached an all-time high of 6.610 % in Mar 2009 and a record low of 2.010 % in Jun 2015. United States Delinquency Rate: Consumer: Credit Cards data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KA010: Commercial Banks: Charge Off and Delinquency Rates.

30 Year Mortgage Rate in the United States increased to 6.67 percent in March 20 from 6.65 percent in the previous week. This dataset includes a chart with historical data for the United States 30 Year Mortgage Rate.

Graph and download economic data for Commercial Bank Interest Rate on Credit Card Plans, All Accounts from Nov 1994 to Nov 2024 about consumer credit, credit cards, loans, consumer, interest rate, banks, interest, depository institutions, rate, and USA.

United States - Charge-Off Rate on Consumer Loans, All Commercial Banks was 2.98% in October of 2024, according to the United States Federal Reserve. Historically, United States - Charge-Off Rate on Consumer Loans, All Commercial Banks reached a record high of 6.60 in January of 2010 and a record low of 0.82 in January of 1985. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Charge-Off Rate on Consumer Loans, All Commercial Banks - last updated from the United States Federal Reserve on March of 2025.

As of the third quarter of 2024, 72-month new car loans granted by commercial banks in the United States had an interest rate of 8.76 percent. Meanwhile, auto loans at finance companies had an interest rate of 6.11 percent, which is lower than the average rate in commercial banks. The finance rates for new cars have only decreased at finance companies.

The total consumer credit outstanding in the United States increased year-on-year from 2000 to 2023, except in 2009 and 2010 when slight declines were observed. In 2023, the consumer credit outstanding in the U.S. amounted to approximately 4.98 trillion U.S. dollars - a significant increase from the previous year. At the beginning of the time period under observation, the total consumer credit outstanding in the U.S. amounted to a value of 1.62 trillion U.S. dollars.

United States - Charge-Off Rate on Other Consumer Loans, All Commercial Banks was 1.16% in October of 2024, according to the United States Federal Reserve. Historically, United States - Charge-Off Rate on Other Consumer Loans, All Commercial Banks reached a record high of 3.36 in April of 2009 and a record low of 0.29 in April of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Charge-Off Rate on Other Consumer Loans, All Commercial Banks - last updated from the United States Federal Reserve on March of 2025.

United States Delinquency Rate: sa: Consumer: Credit Cards data was reported at 2.490 % in Sep 2018. This records an increase from the previous number of 2.480 % for Jun 2018. United States Delinquency Rate: sa: Consumer: Credit Cards data is updated quarterly, averaging 4.150 % from Mar 1991 (Median) to Sep 2018, with 111 observations. The data reached an all-time high of 6.770 % in Jun 2009 and a record low of 2.120 % in Jun 2015. United States Delinquency Rate: sa: Consumer: Credit Cards data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB002: Commercial Banks: Charge Off and Delinquency Rates.

United States - Finance Rate on Personal Loans at Commercial Banks, 24 Month Loan was 12.32% in November of 2024, according to the United States Federal Reserve. Historically, United States - Finance Rate on Personal Loans at Commercial Banks, 24 Month Loan reached a record high of 19.21 in November of 1981 and a record low of 8.73 in May of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Finance Rate on Personal Loans at Commercial Banks, 24 Month Loan - last updated from the United States Federal Reserve on March of 2025.

United States LS: CSEI: Other Banks: Tightened Considerably data was reported at 0.000 % in Apr 2018. This stayed constant from the previous number of 0.000 % for Jan 2018. United States LS: CSEI: Other Banks: Tightened Considerably data is updated quarterly, averaging 0.000 % from Apr 2011 (Median) to Apr 2018, with 29 observations. United States LS: CSEI: Other Banks: Tightened Considerably data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KA046: Senior Loan Officer Opinion Survey: Lending Policies for Other Consumer Loans Excl Credit Cards & Autos. Senior Loan Officer Survey Questionnaire: Over the past three months, how has your bank changed the spreads of loan rates over your bank's cost of funds on consumer loans other than credit card and auto loans?

Graph and download economic data for Delinquency Rate on Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets (DRCLT100S) from Q1 1987 to Q4 2024 about delinquencies, assets, loans, consumer, banks, depository institutions, rate, and USA.

United States - Delinquency Rate on Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets was 1.62% in October of 2021, according to the United States Federal Reserve. Historically, United States - Delinquency Rate on Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets reached a record high of 5.01 in October of 1991 and a record low of 1.44 in April of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Delinquency Rate on Consumer Loans, Banks Ranked 1st to 100th Largest in Size by Assets - last updated from the United States Federal Reserve on March of 2025.