According to the American Bankers Association, time repayments improved on all 11 consumer loan categories for the first time since 2004. The ABA reports that delinquencies are still high but there is improvement in the consumers ability to make payments in auto loans, credit cards and other debts. The broad delinquency category which covers eight types of loans fell to 2.49 percent from 2.59 percent, the lowest level since 2008. Delinquencies on payments for credit cards provided by a bank fell to 3.17 percent from 3.25 percent. The delinquency rate for home equity loans fell to 4.08 percent from 4.12 percent. The ABA defines delinquencies as payments that are 30 or more days overdue.
Why Choose Us
Working with a local, family owned real estate company means that you get someone who knows the area and has a real interest in helping you find the perfect home. Our company has grown because of referrals from past clients. We believe that treating the customer right is the only way to do business. Contact Us Today
-
From Our Blog
Categories