Loan Delinquency Rates Dropping and Assisting Subprime

The Detroit Bureau - August 10, 2012

The loan cli­mate is get­ting bet­ter in the US, and Exper­ian Auto­mo­tive reports that con­sumers con­tin­ued to make time­ly pay­ments dur­ing the sec­ond quar­ter of 2012. It’s low­er­ing the aver­age delin­quen­cy rate across all lend­ing orga­ni­za­tions – from banks, cap­tives, finance com­pa­nies, and cred­it unions. The rate is encour­ag­ing more sub-prime loans in recent months.

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