Tenth District Credit Rating Report. Average Personal Debt

Tenth District Credit Rating Report. Average Personal Debt

Chart 7: Car Loan and Bank Card Delinquency Prices

Records: at the least ninety days past due. The delinquency price may be the share of customers with one or more account for the reason that category who possess one or more account 90 or higher times past due for the reason that category. Delinquency prices consist of charge-offs. Information had been seasonally modified with the Census Bureau’s X11 procedure.

Sources: Federal Reserve Bank of brand new York customer Credit Panel/Equifax; U.S. Census Bureau; staff calculations.

Chart 8: Education Loan and HELOC Delinquency Prices

Records: at the least 3 months overdue. The delinquency price may be the share of customers with a minumum of one account for the reason that category that have one or more account 90 or even more times past due for the reason that category. Delinquency prices consist of charge-offs. Information had been seasonally modified utilizing the Census Bureau’s X11 procedure.

Sources: Federal Reserve Bank of the latest York customer Credit Panel/Equifax; U.S. Census Bureau; staff calculations.

The bank card delinquency price when you look at the District had been 7.7 per cent into the 3rd quarter, its level that is highest in seven years. 12 months ago, the charge card delinquency price ended up being 7.3 per cent, plus in the 3rd quarter, it had been 6.5 per cent. Continue reading »