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ABA report: Consumer delinquencies mixed in fourth quarter

The delinquency picture was mixed in last year's fourth quarter, as delinquencies in closed-end loans (like auto loans) rose while delinquencies in open-end loans (like credit cards) fell, according to results from the American Bankers Association's Consumer Credit Delinquency Bulletin. Among the 11 individual loan categories, delinquencies rose in all eight closed-end categories, but fell in all three open-end categories compared to the previous quarter. 

The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, rose 10 basis points to 1.51 percent of all accounts – remaining well below the 15-year average of 2.19 percent.

YOu can read the entire report by clicking here.

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