Equifax Inc. has released its May 2025 U.S. National Consumer Credit Trends Report, highlighting significant shifts in consumer debt and credit usage over the past year. Total U.S. consumer debt reached $17.80 trillion, marking a 2.1% increase from May 2024. Mortgage debt, including home equity loans, constituted a substantial 74% of this figure, totaling $13.17 trillion. Non-mortgage consumer debt amounted to $4.63 trillion, with auto loans and leases representing 36.2%, and student loans accounting for 28.5%. The report noted a 1.9% rise in outstanding balances on auto loans and leases, reaching $1.67 trillion, accompanied by a slight increase in severe balance delinquencies. Bankcard debt also saw a notable increase, with outstanding balances rising 4.4% to $1.06 trillion, while the severe balance delinquency rate decreased to 2.81%. Average bankcard utilization decreased slightly to 20.7% from 21.1% the previous year. These insights reflect ongoing trends in consumer borrowing and credit behavior, providing valuable information for financial analysts and policymakers.