Origination Report: Consumer Unsecured, January 2025

January Consumer Unsecured Originations Rise MoM but Fall Short of Historical Trends

Quick Insights

• Overall:January 2025 originations rose just 3.9% MoM—below historical trends (5-10% increase).

• GWAC: GWAC differentials across income ranges continue to narrow, with minimal differentiation beyond the $135k threshold.

• Grade: Top Grade originations now account for 70% of total originations, with Middle Grade originations declining MoM.