Origination Report: Consumer Unsecured, February 2024

The spread between interest rates on credit cards and unsecured personal loans continues to widen, reaching a record 660 bps (6.6%)—more than double the historical average. This presents a significant opportunity for for lenders to attract new customers.

Furthermore, GWACs on Top and Middle Grade peaked in third quarter and have since seen a significant decline. This indicates growing investor confidence in consumer credit trends and the tighter underwriting practices seen in the sector.

Download this month's installment of the dv01 Origination Report to stay up-to-date on the latest trends.