Credit delinquencies are rising but from exceptionally low 2021 levels; subprime borrowers who improved have migrated into prime category, leaving worse credits in subprime, so higher delinquency rates are compositional not systemic.
factualpending
Speaker
Neil DuttaEvidence Quote
“some of those sub like subprime borrowers have gravitated to Prime and so the people that you're left with in the subprime categories are net worse right they're they're worse credits and so that's what makes the delinquencies look somewhat higher”
Created: 8/12/2026, 6:02:32 PM
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