Delinquencies among eight installment-loan categories increased to 3.23% of all accounts during the first quarter from 3.22% in the last three months of 2008, the American Bankers Association reported today.
The group also said that the delinquent balances on those accounts was 3.35% of total balances due, compared with 3.16% during the previous quarter.
Bank card delinquencies rose 23 basis points to 4.75% of all accounts, up from 4.52% in the previous quarter. The association reported that the balances on those accounts increased 108% to 6.60% of the value of all outstanding bank card debt.
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Home equity loan delinquencies rose to 3.52% from 3.03%. Property improvement loan delinquencies fell to 1.46% from 1.75%. Indirect auto loan delinquencies decreased to 3.42% from 3.53%. Direct auto loan delinquencies increased to 3.01% from 2.03%. Marine loan delinquencies fell to 2.04% from 2.35%.
RV loan delinquencies increased to 1.52% from 1.38%. Mobile home delinquencies rose to 3.70% from 2.96%. Personal loan delinquencies increased to 3.47% from 2.88%.
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