Despite the turbulence of the last year due to the COVID-19 outbreak, the consumer credit market is poised to make a strong recovery.
As detailed in the just-released Q1 2021 TransUnion Industry Insights Report, consumers are performing well one year since the pandemic began, and both serious delinquency rates and consumer credit balances remain low. These recent trends have been buoyed by government and lender programs, which have provided the market with significant levels of liquidity.
Serious delinquency rates since the beginning of the pandemic
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