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Equifax National Market Pulse Data Shows U.S. Consumer Debt Inching Past $18 Trillion as Delinquencies Stabilize
Equifax® (NYSE: EFX) has released its Market Pulse Third Quarter U.S. Consumer Credit Trends, which includes U.S. national consumer credit data and trends through September 2025 sourced from Equifax data. According to Equifax, delinquency on total U.S. consumer debt inched up to 1.562% in September, a slight increase from 1.517% at end of the second quarter in June 2025. Total consumer debt reached $18.03 trillion in September, up from $17.91 trillion in August and $17.94 trillion in July.
About this update from Equifax, Inc.
[{"type":"text","content":"Third Quarter 2025 Consumer Credit Trends Indicate Moderate Debt Growth for Auto and Student Loans","length":98,"tagName":"p","attribs":{}},{"type":"text","content":"ATLANTA, Nov. 5, 2025 /PRNewswire/ -- Equifax® (NYSE: EFX) has released its Market Pulse Third Quarter U.S. Consumer Credit Trends, which includes U.S. national consumer credit data and trends through September 2025 sourced from Equifax data. According to Equifax, delinquency on total U.S. consumer debt inched up to 1.562% in September, a slight increase from 1.517% at end of the second quarter in June 2025. Total consumer debt reached $18.03 trillion in September, up from $17.91 trillion in August and $17.94 trillion in July.","length":537,"tagName":"p"},{"type":"image","alt":"EFX logo","displaySize":"","headline":null,"caption":"EFX logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":75,"url":"https://media.zenfs.com/en/prnewswire.com/bb4651d6cacbdff7475ec36c4b336df8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uO8xf6Skqvs3.ER819oUfQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/bb4651d6cacbdff7475ec36c4b336df8","width":400,"height":75}},"href":"https://mma.prnewswire.com/media/448516/Equifax_jpg_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Specifically within auto loans, we are seeing a more pronounced rise in delinquency rates for newer auto loans, defined as loans taken in the last 24 months, within the near-prime and prime populations," said Tom O'Neill, Market Pulse Advisor at Equifax. "This indicates that some economic stresses that some consumers are facing aren't confined to the lower credit tiers. Should these pressures continue, the impact on lenders may fall outside of traditional consumer payment hierarchies. Historically, households prioritize mortgages and auto loans, but stress caused by developments in other credit categories, like student loan wage garnishment, may disrupt that predictability."","length":712,"tagName":"p"},{"type":"text","content":"During the pandemic period, severe delinquency rates fell to historically low levels, with rates as low as 1.0%, and 1.3% for auto loans and bankcards more than 60 days past due. From those levels, delinquency rates rose and both of those lending p...