U.S. 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 the credit reporting firm TransUnion. Delinquency rates for unsecured personal loans are also expected to gain, to 4.3% from 4.1%.
