Credit Report News
| March 2004 | ||||||
| Sun | Mon | Tue | Wed | Thu | Fri | Sat |
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| 28 | 29 | 30 | 31 | |||
| Feb Apr | ||||||
Thursday, March 25, 2004
Some credit delinquencies are down, others are up. The rate of 30-day delinquencies is down to the lowest level since 1995 for closed-end installment credit, such as for home equity, personal loans, and auto financing. On the other hand, credit card delinquencies are up. Nearly 4 1/2 percent of credit card accounts are over 30 days past due. That's going to affect a lot of credit reports. (The record was 5.45% in 1996.)
According to the American Bankers Association chief economist, people often use credit cards to bridge the gap when unemployed, but this kind of divergence in delinquency rates is unusual.
3:17:41 PM 
This Page was last update: 4/1/04; 12:24:15 PM
Copyright 2004 Credit Report News and Information
a