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CREDIT CORNERSTONE WEEKLY CREDIT TRENDS AND
DATA INTELLIGENCE
Latest delinquency trends show improvement
June 2, 2011
Delinquencies, while still at historically high levels, have shown improvement. The improvement is evident when looking at delinquency rates of 60-plus days as a percentage of balances.
The delinquency rate dropped in Q4 2010 from the same time frame in 2009 across all major product categories: auto, credit card, home-equity lines of credit and loans, and mortgage loans.
Bankcard delinquencies declined 30 percent from a year ago.
To learn more about these trends and the outlook for 2011, please download our latest white paper, 2011 – A year for action.
Source: Experian-Oliver Wyman Market Intelligence Reports
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