Credit card delinquencies, based on total dollars outstanding, edged up slightly to 4.51% during the second quarter, and remain well above last year's second quarter delinquencies of 4.08%. However, the number of past-due credit card accounts fell slightly to 4.04%, compared to a record high of 4.07% in the first quarter. The data are based on statistics gathered by the American Bankers Association for its quarterly "Consumer Credit Delinquency Bulletin." The composite ratio of closed-end installment loans 30 days or more past due rose to 2.18% of all accounts from 2.12%, the highest since the fourth quarter of 2001. Home equity loan delinquencies rose to 2.48% from 2.02%, based on the number of accounts. Personal loan delinquencies rose to 3.17% in the second quarter from 3.13% in the previous quarter.
Credit card delinquencies, based on total dollars outstanding, edged up slightly to 4.51% during the second quarter, and remain well above last year's second quarter delinquencies of 4.08%. However, the number of past-due credit card accounts fell slightly to 4.04%, compared to a record high of 4.07% in the first quarter. The data are based on statistics gathered by the American Bankers Association for its quarterly "Consumer Credit Delinquency Bulletin." The composite ratio of closed-end installment loans 30 days or more past due rose to 2.18% of all accounts from 2.12%, the highest since the fourth quarter of 2001. Home equity loan delinquencies rose to 2.48% from 2.02%, based on the number of accounts. Personal loan delinquencies rose to 3.17% in the second quarter from 3.13% in the previous quarter.