Insights into Effectiveness through Data Science

Credit Risk Quarterly – Q3 2025

We’re excited to share our Credit Risk insights from Q3 2025!

Delinquencies ticked up slightly this quarter, not alarmingly so, but it’s a less encouraging trend than we saw in Q2.

Our team continues to closely monitor a few key areas: Student loan delinquency levels, especially with the potential of future wage garnishment programs; persistently high delinquencies in subprime auto and recent lender bankruptcies in the space; the macroeconomic picture, in particular low real wage growth and the potential for tariff-driven inflation

Please reach out to authors Scott Barton, Walker Flythe, Erin Hensien, Hainan Xiong, Morgan Bernstein, or Callum Williams if you have any questions or want to discuss the latest industry trends.

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Credit Risk Quarterly – Q2 2025

Our Credit Risk insights from Q2 2025 are here!

Overall performance improved across several consumer lending asset classes, particularly among credit cards and subprime auto. Federal student loans remain an area to keep an eye one, with high delinquencies and inconsistent bureau reporting. Balancing these factors, many lenders are planning cautious lending expansion in the 2nd half of the year.

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Credit Risk Quarterly – Q1 2025

We're excited to share our Credit Risk insights from Q1 2025! We've never seen such a wide gap between recent delinquency data and forward-looking lender sentiment. Card delinquencies decreased slightly without any real tightening and Personal Loan delinquencies remained relatively stable. However, consumer sentiment metrics approached all time lows and, in conversation, consumer lender sentiment trended [...]

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Credit Risk Quarterly – Q4 2024

We’re excited to share our Credit Risk insights from Q4 2024! This quarter, our team of experts dove into recent trends and observations across all US consumer credit asset classes. We also continued our monitoring of potential post-inauguration impacts to consumer lending.

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Credit Risk Quarterly – Q2 2024

Check out our latest Credit Risk insights from Q2 2024! In this report, we discuss headwinds and tailwinds affecting the US consumer credit industry across all asset classes. This quarter we review key trends in the mortgage and auto markets, heightened delinquencies in credit cards, and tighter underwriting standards across most asset classes. While certain metrics have continued improving since the pandemic, there is strong evidence that consumers are still feeling the squeeze.

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Credit Risk Quarterly – Q1 2024

Check out our latest Credit Risk insights from Q1 2024! This quarter we focus on the headwinds and tailwinds affecting the US consumer credit risk industry across different asset classes, including our thoughts on the new late fee regulation, an analysis on Credit Builder products, and our insights on a credit environment with continued elevated delinquencies having a recent March decline.

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Credit Risk Quarterly – Q4 2023

Check out our latest Credit Risk Insights from Q4 2023! This quarter we focus on the various headwinds and tailwinds affecting the US consumer credit risk industry overall, as well as more specific trends across Credit Cards, Personal Loans/Mortgages, Auto Loans, and Student Loans.

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Credit Risk Quarterly – Q3 2023

Check out our latest Credit Risk insights from Q3 2023! This quarter we discuss headwinds and tailwinds affecting the US consumer credit risk industry across all different asset classes, including our thoughts on rising delinquencies with increased interest rate environments, and our expectations with the resumption of student loan payments.

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Credit Risk Quarterly- Q2 2023

Check out our latest Credit Risk insights from Q2 2023. This quarter we focus on the headwinds and tailwinds affecting the US consumer credit risk as a whole, as well as discuss recent trends across Credit Cards, Personal Loans/Mortgages, Auto Loans, and Student Loans.

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Credit Risk Quarterly- Q1 2023 in Review

Check out our latest Credit Risk insights from Q1 2023, focusing on trends across various asset classes, noticeable decreases in risk levels among subprime and low-income consumers, and continued risk score warping.

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