TransUnion: Auto-Loan Delinquency Rate Rose in Q1

June 25, 2013
MarketWatch 
auto financing news

The first-quarter national auto-loan delinquency rate rose slightly from a year earlier, due primarily to an increase in delinquencies for subprime borrowers, reports TransUnion Corp. The credit-information company says the percentage of auto-loan accounts at least 60 days past due edged up to 0.88 percent in the first quarter from 0.82 percent a year ago, but was down from 1 percent in the fourth quarter. Delinquencies for subprime borrowers climbed to 5.5 percent from 5.09 percent last year, but dropped from 6.02 percent at the end of 2012.
Web Link







Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty
  

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.



`