Aggregate household debt balances increased by $184 billion in the first quarter of 2024, a 1.1% rise from the fourth quarter of 2023. The number of accounts closed increases as the number of inquiries decreases.


  • $190 billion mortgage balance increase during the first quarter of 2024
  • $16 billion home equity lines of credit increase
  • $14 billion credit card balance decrease
  • $9 billion auto loan balance increase


  • 16% of auto loans originated to borrowers with credit scores under 620
  • 770 is the median credit score for newly originated mortgages
  • 724 is the median credit score of newly originated auto loans


  • 3.2% of outstanding debt was in some stage of delinquency
  • 8.9% of credit card balances and 7.9% of auto loan balances transitioned into delinquency
  • 121,000 consumers had a bankruptcy notation added to their credit reports in Q1 2024.