Not exact matches
They rank above average in
delinquency rates on all types of
debt and rank in the top 10 for lowest rates of
auto loan
delinquency and credit - card
delinquency.»
The New York Fed's most recent household
debt report showed ballooning
debt and
delinquency in student and
auto loans.
The Regional Household
Debt and Credit Snapshot includes data about mortgages, student loans, credit cards,
auto loans and
delinquencies for New York City and its boroughs, as well as various metro areas in New York State, northern New Jersey and western Connecticut.
The Household
Debt and Credit Report provides an updated snapshot of household trends in borrowing and indebtedness, including data about mortgages, student loans, credit cards,
auto loans and
delinquencies.
Meanwhile,
delinquency flows for other non-housing
debt increased modestly, and in particular, the upward trend for
auto loans in recent years continued.
The
delinquency and default rates in mortgage,
auto and credit card
debt are beginning to spike up, according to the latest reports made available and not disseminated through the mainstream media.
Delinquency rates for other forms of
debt (student loans, home equity lines of credit, and
auto loans) were at relative highs as well.
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.
Luckily, credit card
delinquencies hurt credit scores less than bigger
debts, such as home or
auto loans,» says Sarah Davies, senior vice president of analytics, product management and research for VantageScore Solutions.
Outstanding subprime
auto debt (classified in the chart below as
debt held by borrowers with origination credit scores under 620) now stands at about $ 300 billion... Since 2011, the overall
delinquency rate of loans originated by
auto finance companies has significantly deteriorated.
«Much of the
delinquency uptick is driven by a relatively small number of borrowers who still have sizeable mortgage and
auto debts into their 70s and 80s.
Between 2005 and 2013 increases in student loan
debt and
delinquency and declines in credit card and
auto debt account for 30 percent of the increase in flows into co-residence with parents and 26 percent of the increase in median time young people spent in co-residence.