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More consumers defaulting on loans

glegorly

After declining for almost four years in a row, consumer delinquencies ticked up again in the second quarter.

Olivia Barrow, Nashville Business Journal

After declining for almost four years in a row, consumer delinquencies ticked up again in the second quarter, the Nashville Business Journal reports[1].

Delinquencies — individuals turning in payments more than 30 days past the due date — increased for personal loans, indirect auto loans, mobile home loans, marine loans, property improvement loans and home equity loans, according to the American Bankers Association[2].

The number of loan defaults provides an indication of consumers' financial stability and ability to find meaningful work and maintain an adequate income.

Click here to see the full report[3].

References

  1. ^ the Nashville Business Journal reports (www.bizjournals.com)
  2. ^ American Bankers Association (www.bizjournals.com)
  3. ^ Click here to see the full report (www.aba.com)
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