TransUnion's report shows that in the first three months of 2012, after 23
years auto loan delinquencies have reached their lowest ratio to date.
Not exact matches
Morgan Stanley's
Delinquency Diffusion Index, an aggregate measurement of year - over-year increases in the delinquency of several types of personal loans, stood at 19.2 (on a 100 - point scale) for the first quarter of 2016, up from its low in October, 2014, driven by increases in auto loan and credit card delinquencies in 2015 — but far below the 60 - point threshold associated with a pre-reces
Delinquency Diffusion Index, an aggregate measurement of
year - over-
year increases in the
delinquency of several types of personal loans, stood at 19.2 (on a 100 - point scale) for the first quarter of 2016, up from its low in October, 2014, driven by increases in auto loan and credit card delinquencies in 2015 — but far below the 60 - point threshold associated with a pre-reces
delinquency of several types of personal
loans, stood at 19.2 (on a 100 - point scale) for the first quarter of 2016, up from its low in October, 2014, driven by increases in
auto loan and credit card
delinquencies in 2015 — but far below the 60 - point threshold associated with a pre-recession state.
Meanwhile,
delinquency flows for other non-housing debt increased modestly, and in particular, the upward trend for
auto loans in recent
years continued.
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.
Then at the end of the
year, they analyze all the data collected and release their annual consumer credit forecast.This report predicts consumer balances and
delinquency rates in the upcoming
year; the news follows concerns over
auto loan performance -LSB-...]
Credit monitoring agency TransUnion says in its latest report that
auto loan delinquency rates climbed nearly 10 per cent in the fourth quarter of last
year to their worst levels in four
years.
TransUnion says that nationally,
auto loan delinquency rates were 1.32 per cent in the fourth quarter of last
year, up from 1.21 per cent the previous
year.
A vehicle repossession will be removed from your credit report 7
years from the
delinquency date of the original
auto loan.
Auto loan delinquencies of 60 days or more could be 3 basis points higher by the end of next
year at a projected 1.46 %.
The ABA quarterly survey of consumer
loans reflected
delinquency rates based on a composite of several types of consumer
loans such as boats,
autos, home improvements, some home equity line of credit
loans increased to 2.42 percent in the first three months of this
year.
The
delinquency rates for mortgages, home equity lines of credit (HELOCs),
auto loans, and credit cards peaked noticeably in the
years following the recession, and have since fallen.
The flow into 90 + days
delinquency for credit card balances has been increasing notably from the last
year and the flow into 90 + days
delinquency for
auto loan balances has been slowly increasing since 2012.