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US Credit-Card Delinquencies to Rise Next Year, TransUnion Says
- ‘The liquidity people had is going away,’ researcher says
- Auto loans, home-equity lending offer growth opportunities
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US credit-card and personal-loan delinquencies are likely to rise in 2023 to the highest in a dozen years, with lenders cutting back on originations as a potential recession looms.
Serious card delinquencies are expected to climb to 2.6% at the end of next year from 2.1% at the close of 2022, according to a forecast released Wednesday by credit-reporting firm TransUnion. Delinquency rates for unsecured personal loans are also expected to gain, to 4.3% from 4.1%.