The Equifax Q2 2025 Consumer Credit Report shows that unsecured credit demand is continuing its upward trend, while secured credit demand grew at a more modest pace, driven by a steady 4.9% increase in mortgage applications.
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Driven by a continued fall in credit card applications, despite steady growth in personal loans. Mortgage demand decline continues.
Overall consumer credit applications fell -7.1% (vs March qtr 2018):
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