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Inquiring minds are digging into the New York Fed Quarterly Report on Household Debt and Credit.

Total Debt

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Mortgage Originations

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Auto Loans by Credit Score

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Credit Score Ratings:Equifax

"Lenders generally see those with credit scores 670 and up as acceptable or low-risk borrowers. Those with credit scores from 580 to 669 are seen as “subprime borrowers,” meaning they may find it more difficult to qualify for better loan terms. Those with lower scores – under 580 – fall into the “poor” credit range and may have difficulty getting credit or qualifying for better loan terms."


At least 1/3 of the auto loan originations are subprime.

Loan Delinquency Status

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Percent of Balance 90+ Days Late

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Debt Slaves

The number of debt slaves rises every month.

Party on dudes. Your house, your education, and your stocks will bail you out. Right?

Mike "Mish" Shedlock