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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