U.S. Marketplace Consumer Loan ABS Index: July 2026

Monthly Overview

KBRA’s U.S. Marketplace Consumer Loan ABS Index showed mixed credit performance in July, with annualized net losses increasing 180 basis points (bps) month-over-month (MoM) and the 30+ day delinquency rate falling 33 bps MoM. Rather than reflecting a broad-based increase, the MoM rise in new losses was driven primarily by the ramp-up of charge-offs from certain transactions that are in their early stages of seasoning, as well as lower reported charge-offs in the prior month due to repurchases of charged-off loans made by an issuer from one of its transactions. Consistent with the index improving performance trend beginning in 2024, annualized net losses and the 30+ day delinquency rate declined 124 bps and 78 bps, respectively (see Figure 4 and Figure 5).

Current index values as well as MoM and YoY changes are presented in the table below. The data shown in this report and other index metrics can be found

About the Indices

KBRA’s MPL Index is a rolling index that KBRA…