Late Payments On Consumer Loans Reach 16 Year High

by MB on April 6, 2008

A recently released survey from the American Bankers Association shows consumer loan delinquencies have reached a 16 year high.

Loans at least 30 days past due in in the most recent quarter totaled 2.65%. This is the highest level of delinquency since 1992, when delinquencies totaled 2.75%.

Source: USA Today – Late payments on consumer loans at 16-year high

Comments on this entry are closed.

Previous post:

Next post: