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Access to consumer credit grows amid concerns

February 27, 2017

The consumer credit market performed well in Q4 2016, according to TransUnion’s latest quarterly Industry Insights.

A sampling of the trend:

The number of consumers with access to credit products increased by 12 million, and balances rose across all products.

Marking the highest level since Q3 2009, 80 million consumers had an auto loan or lease outstanding at the end of 2016.

Personal loans topped $100 billion for the first time ever.

The average mortgage balance reached a post-recession high of $194,415.

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