U.S. Bureau of Labor Statistics.Credit card and personal loan debt reached record levels in the third quarter of 2022, as consumers face higher costs of goods and services as well as higher interest rates, according to TransUnion data."However, as long as employment numbers remain strong, there should continue to be a steady flow of customers seeking access to new credit products, credit cards and personal loans in particular, and concurrently, an ample supply of lenders willing to offer credit to them," Michele Raneri, vice president of U.S. research and consulting at TransUnion, said in a statement.Delinquencies for most credit products were on par with pre-pandemic delinquencies, however they have been rising the past year, particularly among subprime borrowers.Auto Loan TrendsThe number of new auto loans also declined in the second quarter, pressured in part by a shortage in new vehicles."