Rising Subprime Auto Loan Delinquency Rates

Car owners are missing their monthly payments at the highest rate in more than 30 years.

Household Debt and Credit Conditions

Americans are struggling to manage rising debt burdens, with increases seen in overall debt levels, credit card balances, and delinquency rates. The Federal Reserve Bank of New York released a report detailing the challenges faced by households in major loan categories.

US Credit-Card Delinquency Rates

US credit-card delinquency rates hit record high in the fourth quarter, with almost 3.5% of card balances at least 30 days past due. The share of debts that are 60 and 90 days late also increased. Many consumers are stretching credit lines further amid added pressure on household finances. Credit scores for some cardholders have decreased, indicating potential performance deterioration.