AFSA’s Latest C3 Index Released
The last few years have been challenging for consumers and providers of consumer credit alike. An historically sharp increase in interest rates, a slow slide in economic growth following a post-pandemic boom, growing household financial strain, and an increasingly adversarial regulatory climate are among the factors that have weighed on borrowers and lenders.
Results from AFSA’s latest Consumer Credit Conditions Index (C3) survey of its members, however, suggest that the tide may be turning. Each quarter, survey respondents share their views on current business indicators, as well as their expectations for changes in the consumer-lending environment for the next six months.
Consumer finance companies’ assessments of the business environment improved in the third quarter. More respondents reported strengthened overall business conditions compared to the previous three-month period than reported weakened conditions. Moreover, respondents said they expect overall conditions to further improve during the next six months. These latest results represent a reversal from the previous quarter’s.
Read the latest results here.
December 19th, 2024
