Originations Report: Consumer Unsecured, June 2026

June 2026: Consumer Unsecured Originations Cross $7 Billion for the First Time

dv01's latest research report shows that June was the strongest month on record for Consumer Unsecured originations, building on the sector’s strong growth over the past two years. Year-to-date originations have already exceeded 2023’s volume.

What the Data Shows:

• Volume growth accelerated: Origination volume rose $1.2 billion MoM, significantly exceeding the previous record of $5.75 billion.
• Market share shifting away from credit cards: Originations have grown more than 40% annually over the past two years—compared to 5% for credit cards—a significant shift given unsecured personal loans are largely used to consolidate credit card balances.
• Credit trends diverged: 720+ FICO originations increased, while the share of sub-670 stayed at its highest levels since 2023, meaning new volumes are both top-heavy and include a growing share of low FICOs.

What We’re Watching: Whether Strength at the Top Is Masking Drift at the Bottom

• Whether the sub-670 FICO share holds or reverses, as it has in prior years
• Whether June's narrowing in income-based GWAC spreads persists, or income resumes influencing pricing
• Whether lower pricing, particularly in Bottom Grades, leads to further loosening in credit standards