Consumer Loan Late Payment Delinquencies at Record Lows

U.S. Consumers are making their loan payments on time, according to a recent ABA report. As reported by American Banker, “The percentage of U.S. consumers who are late on their loan payments remained at near-record lows in the first quarter.” HELOC payments were also reported to have fallen to the lowest level in five years.

(Source: American Banker: http://www.americanbanker.com/issues/179_131/consumer-delinquency-rates-keep-bouncing-along-the-bottom-1068567-1.html)

Posted by Corey Curwick Dutton