Investment Rating - The report does not explicitly provide an investment rating for the household debt and credit industry Core Insights - Aggregate nominal household debt balances increased by 93billioninQ42024,a0.518.04 trillion, which is an increase of 3.9trillionsincetheendof2019[2][3]−Mortgagebalancesgrewby11 billion to 12.61trillion,whilecreditcardbalancesincreasedby45 billion to 1.21trillion,reflectinga7.3465 billion in Q4 2024, with credit card limits increasing by 98billion[4][10]SummarybySectionsBalances−Mortgagebalancesincreasedby11 billion, totaling 12.61trillion−Homeequitylinesofcredit(HELOC)roseby9 billion, totaling 396billion−Creditcardbalancesgrewby45 billion to 1.21trillion,a7.311 billion to 1.66trillion,whilestudentloanbalancesincreasedby9 billion to 1.62trillion[3]Originations−Mortgageoriginationstotaled465 billion in Q4 2024, with a slight increase in credit card limits by $98 billion [4][10] Credit Quality - Credit quality of newly originated loans was mixed, with credit scores for auto loans and mortgages mostly steady, although there was a slight deterioration in mortgage credit scores [5] Delinquency & Public Records - Aggregate delinquency rates increased slightly to 3.6% in Q4 2024, up from 3.5% in Q3 2024 - Transition into early delinquency remained stable for most debt types, except for credit cards, which saw a small uptick [6][10] - Approximately 123,000 consumers had a bankruptcy notation added to their credit reports in Q4 2024, a slight decline from the previous quarter [7][10]
