Consumer-loan delinquencies measured across 8 categories of loans fell to 2.24% in Q2, according...
Consumer-loan delinquencies measured across 8 categories of loans fell to 2.24% in Q2, according to the ABA, the lowest level since 2006. Delinquencies on credit card debt dropped to 2.93% - an 11-year low. The rate, however, actually rose for home equity and direct auto loans. "It gives us pause about the future," says the ABA's James Chessen.
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