April 3rd, 2009 
admin 
Consumer credit delinquencies in the fourth quarter reached its highest level ever, according to the American Bankers Association’s “Consumer Credit Delinquency Bulletin.” Based on total dollars uncollected, delinquency rose to 5.52% in the fourth quarter. Sequentially, delinquent dollars increased 78 ground points. Home equity lines of credit delinquencies also reached a new record, rising 31 basis points to 1.46%. Every category saw rising delinquencies except mobile home loans. The ABA report defines a delinquency as a late payment that is 30 days or more overdue.
Similar Posts:
- [News] Pace of Mortgage Delinquencies Slows
- Late payments, charge offs on credit card accounts fall, Fitch reports
- Debt on credit cards declines while overall consumer credit rises, Fed reports
- [News] Many Re-default Following Mortgage Modification
- Credit Card Defaults and Late Payments Drop with Top 6 Card Companies
