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- Delinquency Rates on Bank Installment Loans By Type of Loan:1970-1987 (in percent, except as indicated) Type of Credit 1970 1975 1980 1985 1987
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- Delinquency Rates
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- Closed-end installment loans
- total 2.14 2.77 2.82 2.32 2.47
- Personal loans(1) 2.39 3.43 3.53 3.63 3.66
- Automobile, direct loans 1.43 1.54 1.81 1.64 1.59
- Automobile, indirect loans 1.94 1.95 2.29 2.02 2.20
- Property improvement(2) 1.96 1.96 1.93 1.91 1.88
- Home equity and second
- mortgage loans(3) (NA) (NA) (NA) 2.06 2.01
- Mobile home loans 2.59 3.82 3.14 2.39 2.57
- Recreational vehicle loans (NA) 2.21 1.94 1.84 1.99
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- Bank card loans (NA) 2.33 2.72 2.95 2.33
- Revolving credit loans (NA) 2.16 2.70 1.96 2.33
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- Repossessions Per 1,000
- Loans Outstanding
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- Mobile home 3.59 2.26 1.57 2.21 1.58
- Automobile, direct loans 1.52 .65 1.10 1.11 .86
- Automobile, indirect loans 4.88 1.75 2.75 2.08 2.04
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- NA=Not available.
- 1. Beginning 1985, includes home appliance loans.
- 2. Beginning 1985, own plan and FHA Title I loans.
- 3. Seasonally not adjusted.
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- Source:American Banker Association, Washington, D.C.