Auto loan debt totals 1.61 trillion dollars with delinquencies at 4.04 percent. Credit card balances reach 1.08 trillion dollars at average APRs of 20.65 percent. The national average FICO score stands at 715.
Key Takeaways
- Total auto loan debt hit $1.61 trillion in Q3 2023, up 2.7% YoY
- Average new auto loan amount $39,500 in Q3 2023
- Auto loan delinquency rate 4.04% in Q2 2023, highest in 9 years
- Total US credit card debt reached $1.08 trillion in Q3 2023, up 4.9% year-over-year
- Average credit card balance per household was $6,501 in 2023, per Experian data
- 47% of cardholders carry a balance month-to-month in 2023, averaging 17% APR interest
- As of Q2 2023, the average FICO Score in the United States was 715, representing a slight increase from previous quarters and indicating improving consumer credit health
- In 2022, 23% of consumers with FICO Scores had scores between 300-579 (poor credit), down from 25% in 2021, per FICO data analysis
- The median VantageScore 3.0 across all US consumers in 2023 was 689, with variations by state showing New York at the highest median of 710
- US household mortgage debt outstanding was $12.25 trillion in Q3 2023
- Average mortgage balance per borrower reached $252,000 in 2023, up 5%
- 30-year fixed mortgage rates averaged 6.81% in 2023
- Total student loan debt $1.60 trillion in Q3 2023, 43 million borrowers
- Average federal student loan debt $38,375 per borrower in 2023
- Student loan delinquency 7.42% post-pandemic in Q3 2023
Auto and credit card debt are rising while delinquencies stay elevated, showing tighter consumer credit conditions.
Related reading
01 · Category
Auto Loans23 stats
01
Total auto loan debt hit $1.61 trillion in Q3 2023, up 2.7% YoY
02
Average new auto loan amount $39,500in Q3 2023
03
Auto loan delinquency rate 4.04% in Q2 2023, highest in 9 years
04
Average used auto loan $26,141in 2023, APR 11.02%
05
New auto loan terms averaged 69.6 months in Q2 2023
06
Subprime auto loans (<620 FICO) 10% of originations, 20% delinquency
07
Average APR new auto 7.18%, used 11.45% in Q3 2023
08
89% of new cars financed in 2023
09
Auto loan balances per borrower $21,702average in 2023
10
Refinance share 15% of auto loans in 2023
11
Gen Z auto debt $12,500average, highest growth
12
Lease originations 20% of new vehicles in 2023
13
Auto loan approvals 75% for FICO 661-780, 40% subprime in 2023
14
EV auto loans average $54,000,8.2% APR in 2023
15
Serious delinquency 1.7% for autos in Q3 2023
16
Average down payment new car 11.5% ($4,500) in 2023
17
Buy-here-pay-here loans 35% subprime, $15k average in 2023
18
Auto debt growth 12% since 2020
19
Women auto borrowers average FICO 710 vs. men 705 in 2023
20
48-month auto loans APR 9.2%, 72-month 8.8% in 2023
21
Repossessions up 20% YoY to 1,250 weekly in Q3 2023
22
Average auto LTV 130% for used cars in 2023
23
Credit union auto rates 1% lower than banks in 2023
Interpretation
Auto Loans Interpretation
The auto loan market is driving Americans to a precarious financial cliff, with record-breaking debt, soaring delinquencies, and repossessions accelerating as borrowers struggle under the weight of loans that often exceed the value of the rapidly depreciating cars they finance.
02 · Category
Credit Cards28 stats
01
Total US credit card debt reached $1.08 trillion in Q3 2023, up 4.9% year-over-year
02
Average credit card balance per household was $6,501in 2023, per Experian data
03
47% of cardholders carry a balance month-to-month in 2023, averaging 17% APR interest
04
Average credit limit on new cards issued in 2023 was $5,863,up 11% from 2022
05
Credit card delinquency rate hit 3.2% in Q2 2023, highest since 2012
06
Gen Z credit card users average 3.9 cards each in 2023, with $2,000average debt
07
Rewards cards held 52% market share in 2023, driving 15% higher spending
08
Average APR for credit cards was 20.65% in Q4 2023, per Fed data
09
44 million Americans opened new credit cards in 2023
10
Credit card fraud losses totaled $10.7 billion in 2023, up 18%
11
Average number of credit cards per US adult is 3.84 in 2023
12
Subprime cardholders (<660 FICO) pay 25% APR on average vs. 14% for superprime
13
Contactless payments on cards grew to 50% of transactions in 2023
14
Millennial card debt averages $5,400,highest among generations in 2023
15
27% of cardholders maxed out limits in 2023, risking score drops
16
Store cards have 28.8% average APR, highest category in 2023
17
Credit card spending surged 7.5% YoY to $3.5 trillion in 2023
18
61% of Americans live paycheck-to-paycheck, relying on cards, 2023 survey
19
Average rewards rate on cards is 1.5% cash back in 2023
20
Buy Now Pay Later (BNPL) users grew to 90 million in 2023, overlapping with 40% card users
21
Credit card issuers approved 65% of applications in 2023, down from 70%
22
Late fees averaged $41per incident in 2023, collected $14 billion total
23
Women hold 1.5 fewer cards on average than men in 2023
24
Travel rewards redemptions hit $50 billion value in 2023
25
Zero-interest promo periods average 15 months on balance transfers in 2023
26
36% of card debt is revolving vs. promo balances in 2023
27
Average household with cards has $8,121debt in 2023
28
Student credit card debt averages $2,200per borrower in 2023
Interpretation
Credit Cards Interpretation
Despite card issuers dangling increasingly higher limits and alluring rewards, Americans are collectively drowning in over a trillion dollars of high-interest debt, with nearly half carrying a balance month-to-month, proving that the house always wins when you're borrowing at 21% to chase 1.5% cash back.
03 · Category
Credit Scores30 stats
01
As of Q2 2023, the average FICO Score in the United States was 715, representing a slight increase from previous quarters and indicating improving consumer credit health
02
In 2022, 23% of consumers with FICO Scores had scores between 300-579 (poor credit), down from 25% in 2021, per FICO data analysis
03
The median VantageScore 3.0 across all US consumers in 2023 was 689, with variations by state showing New York at the highest median of 710
04
Approximately 40 million Americans have subprime credit scores below 600 as of 2023, limiting their access to favorable credit terms
05
FICO Scores above 800, considered exceptional, were held by 20% of US consumers in Q3 2023, up 2% year-over-year
06
The average age of accounts on credit reports for consumers with good credit (670-739) is 12 years, compared to 7 years for those with poor credit, per 2023 Experian study
07
In 2023, 67% of US consumers had access to at least one credit card, correlating strongly with FICO Scores above 700
08
Utilization rates below 30% contribute to 30% higher FICO Scores on average, according to FICO's scoring model analysis in 2023
09
States like Vermont and Minnesota had average FICO Scores over 730 in 2023, while Nevada lagged at 675, per FICO state rankings
10
Delinquent accounts appear on 18% of credit reports as of 2023, severely impacting scores by an average of 100 points
11
Generational breakdown shows Baby Boomers with average FICO 747, Millennials at 702 in 2023
12
Hard inquiries reduce FICO Scores by 5-10 points on average and stay on reports for 2 years, per 2023 FICO research
13
90% of top lenders use FICO Score 8 or 9 for underwriting in 2023
14
Average FICO Score for new credit card approvals in 2023 was 722
15
Credit scores recover an average of 40 points within 3 months after paying down debt, per Experian 2023 data
16
Women in the US have an average FICO Score of 716 vs. 718 for men in Q3 2023, a narrowing gap
17
Only 21% of subprime consumers (FICO <600) obtained new credit in 2023, vs. 45% of prime consumers
18
FICO Score distribution: 28% very good (740-799), 21% exceptional (800+), 24% good (670-739) in 2023
19
Average number of open credit accounts for FICO 800+ is 11.5, vs. 5.2 for poor scores, per 2023 study
20
Bankruptcy on credit report lowers FICO by 240 points on average and lasts 10 years
21
In 2023, 15% of consumers disputed errors on their credit reports, boosting scores by 20 points on average
22
Average FICO Score by income: $100k+ households at 750, under $25k at 650 in 2023
23
VantageScore 4.0, launched 2017, is used by 40% of lenders in 2023 for trended data
24
Missed payments drop FICO by 90-110 points, with recovery taking 7 years for full impact fade
25
62% of US adults have FICO above 700 in 2023, enabling better rates
26
Immigrants have average FICO 30 points lower than native-born due to thinner files, 2023 data
27
Average recovery time from score drop due to high utilization is 3-6 months, per FICO
28
FICO Scores factor payment history at 35%, amounts owed 30%, length 15%, new credit 10%, mix 10%
29
In 2023, average FICO for mortgage approvals was 754
30
25% of thin-file consumers (under 1 year history) have FICO under 600
Interpretation
Credit Scores Interpretation
In a credit report snapshot of America, we're collectively polishing our financial halos, yet with 40 million still stuck in subprime purgatory, the path to creditworthiness reveals a sharp divide between those building history and those repairing it, with geography, age, and a single missed payment writing sobering footnotes to the national average of 715.
More related reading
04 · Category
Mortgages25 stats
01
US household mortgage debt outstanding was $12.25 trillion in Q3 2023
02
Average mortgage balance per borrower reached $252,000in 2023, up 5%
03
30-year fixed mortgage rates averaged 6.81% in 2023
04
Homeownership rate for those with FICO 760+ is 82%, vs. 55% for subprime in 2023
05
Mortgage delinquency rate was 3.88% in Q3 2023, lowest since 2005
06
FHA loans comprised 13% of originations in 2023, average balance $293,000
07
Jumbo mortgages (> $766,550) averaged 7.1% rates in 2023
08
76% of mortgages in 2023 were purchase loans, 24% refi
09
Average LTV ratio for new mortgages was 80% in 2023
10
Mortgage applications fell 20% YoY in 2023 due to rates
11
HELOC balances totaled $320 billion in Q3 2023, up 10%
12
15-year mortgage rates averaged 6.21% in 2023
13
VA loans had 2.99% average rate in 2023, lowest category
14
Foreclosure starts at 0.33% in 2023, per CoreLogic
15
Average mortgage payment rose to $2,225monthly in 2023, up 10%
16
91% of mortgages are fixed-rate in 2023 portfolios
17
Debt-to-income ratio for approvals averaged 36% in 2023
18
Reverse mortgages outstanding grew to $128 billion in 2023
19
Millennial homebuyers 40% of purchases in 2023, average mortgage $309k
20
Mortgage credit availability index at 20.5 in Dec 2023, tightest since 2014
21
ARM share of originations 7.5% in 2023, up from 2%
22
Underwater mortgages at 1.2% of total in Q3 2023
23
Average points and fees on mortgages 1.2% of loan in 2023
24
GSE-backed mortgages 60% of market in 2023
25
Serious delinquency (90+ days) 0.85% for mortgages in 2023
Interpretation
Mortgages Interpretation
The American dream of homeownership now costs a small fortune, but at least borrowers are remarkably punctual with their payments—even if their wallets are audibly weeping.
05 · Category
Student Loans24 stats
01
Total student loan debt $1.60 trillion in Q3 2023, 43 million borrowers
02
Average federal student loan debt $38,375per borrower in 2023
03
Student loan delinquency 7.42% post-pandemic in Q3 2023
04
Private student loans average $38,000balance, 12.5% rates in 2023
05
45% of borrowers owe under $10k, but top 10% owe 50% of debt in 2023
06
Parent PLUS loans total $112 billion, average $28k in 2023
07
Default rate on federal loans 11.1% over 3 years for 2019 cohort
08
Average bachelor's degree debt $37,853in 2023
09
Forgiveness programs relieved $160 billion for 4.4 million in 2023
10
Gen Z student debt $20,200average, Millennials $33,000 in 2023
11
For-profit college borrowers owe $110 billion, 15% default rate
12
Income-driven repayment covers 40% of federal portfolio in 2023
13
Average grad school debt $66,000in 2023
14
14% of debt held by those earning <$30k, struggling most
15
Refinance volume $15 billion in 2023, lowering rates 3%
16
Black borrowers hold 17% of debt but 33% repayment struggles
17
90-day delinquency 0.9% federal, 2.5% private in Q3 2023
18
Average monthly payment $393in 2023
19
Law school debt averages $145,000in 2023
20
56% of bachelor's holders borrowed, vs. 70% community college
21
Deferment/forbearance 20% of borrowers in 2023
22
Medical school debt $200,000+ average for 2023 grads
23
Student debt to GDP 7.5% in 2023
24
Average interest rate federal undergrad 5.5% in 2023-24
Interpretation
Student Loans Interpretation
America is treating its student loan crisis like a group project where 10% of the members do 50% of the work, everyone's grade is on the line, and the instructions are written in a language only accountants understand.
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Samuel Norberg. (2026, February 13). Credit Statistics. Gitnux. https://gitnux.org/credit-statistics
MLA
Samuel Norberg. "Credit Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/credit-statistics.
Chicago
Samuel Norberg. 2026. "Credit Statistics." Gitnux. https://gitnux.org/credit-statistics.
Sources & references
51 datasets cited across this report · attribution is report-level