Sentences with phrase «auto loan delinquencies rose»
Auto loan delinquencies rose to 2.05 % from 1.90 %.
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Even prime delinquencies are on the rise — Fitch Ratings» survey said that last month's prime auto loans were 21 percent more delinquent than in July 2015.
Subprime auto - loan delinquencies are rising and Experian recently reported that the national bank credit - card default rate set a 46 - month high in April at 3.35 %, which was up from 3.09 % a year earlier.
Among the ones on the rise were delinquencies in indirect auto loans, which rose 11 basis points to 1.56 %.
Tightening occurred in the fourth quarter of 2017 as auto loan delinquencies reached 2.33 percent, lower than the 2.36 percent in the previous quarter, but continuing a rising trend since 2013, according to LendEDU.
Auto loan delinquencies will be on the rise in 2018.
According to a Federal Reserve Bank of New York report on household debt and credit, auto loan delinquencies are on the rise with 4.1 % of auto loan borrowers being 90 or more days behind on their payments.
TransUnion found that, with few exceptions, when an TPRs rise, delinquency rates on loans — credit cards, auto loans and mortgages — fall.
The aggressive lending has led to the current rise in auto loan delinquencies, prompting a sobering question — will lenders handing out loans to consumers with low FICO scores demand yet another bailout in the future?
Since the first quarter of 2016, consumer delinquencies in general have risen in every category, from direct auto, to mobile home, to bank cards, to non-card revolving loans.
It projects that serious auto loan delinquencies to rise 21 percent over their 2012 level, while it expects serious mortgage delinquencies to fall 61 percent below what they were in 2012.