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Home » Store » News » Consumer Credit Quality Deteriorates in 4Q00 as U.S. Economy Weakens

Consumer Credit Quality Deteriorates in 4Q00 as U.S. Economy Weakens

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Most measures of consumer credit performance turned decidedly weaker in the final three months of last year, with late payments piling up on home mortgages, credit cards, auto loans and home-equity loans. The American Bankers Association composite index of consumer credit delinquency rose from 2.32 percent of all accounts in the third quarter to 2.40 percent at year-end. That’s the highest level for the ABA
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