Performance Report: Consumer Unsecured & Subprime Auto Loans, October 2023

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Quick Insights

• Federal Reserve Data: In line with seasonality, all credit types increased modestly, with credit card debt growing fastest.

• Consumer Unsecured: The spread in rates between credit cards and unsecured personal loans reached a record-high. Despite declining origination volumes, performance was either in-line or better than seasonally-adjusted trends.  

• Subprime Auto: October was a generally weak month of seasonally-adjusted performance, with all credit attributes except Charge-Offs underperforming.