I believe it’s existing balance at the end of the period so technically while you pay it off that balance would be reported (though it would change month to month based on whatever that new balance is.)
These are market wide reported numbers so it’s hard to say exactly what metric they are using under the hood… so this is my best guess. In terms of the reported numbers they have been rising though - by whatever metric is being used.
I believe it’s existing balance at the end of the period so technically while you pay it off that balance would be reported (though it would change month to month based on whatever that new balance is.)
These are market wide reported numbers so it’s hard to say exactly what metric they are using under the hood… so this is my best guess. In terms of the reported numbers they have been rising though - by whatever metric is being used.
So it could be either rising usage or increasing debt load or likely a combination of both. Just how much from each, we don’t know.
The number that matters next will be number of bankruptcies.