Data insights show auto and student loan debt both top $1 trillion each
Experian® announced the launch ofThe Experian Market Intelligence Brief, a new quarterly report that can benefit any institution and inform its strategic initiatives with industry leading consumer credit trend data.
“Experian is in the unique position to offer this comprehensive report given our significant data assets and our visibility to these credit markets,” said Kelly Kent, vice president of Decisioning Product Management for Experian Decision Analytics. “This report will help make highly informed and data-rich decisions based on consumer credit trend behavior.”
Some examples of the trends that The Experian Market Intelligence Brief provides this quarter include:
- Auto1and student loan debt are both near the $1 trillion level
- The retail credit card average limit is at $2,259, the highest it has been in three years
- Personal loan originations are at their highest levels in three years, reaching $32.9 billion
The report identifies which segments are best positioned for growth, compares year-over-year results to gauge segment health, measures the impact different consumer segments have on each segment, and analyzes delinquency trends and payment behavior to alleviate and anticipate risk. The data in the report is based on aggregated summaries of millions of depersonalized credit trade files.
The new report is available for $1,195 at www.experian.com/market-intelligence-brief.