BANKING : Consumer Loan Delinquency Drops in Third Quarter
From Times Staff and Wire Reports
Most American consumers are up to date with their bills again, with loan delinquencies falling to the lowest level in nearly a decade, the American Bankers Assn. said. Excluding credit cards, the number of consumer loans that were 30 days or more behind in payments fell to 1.95% in the three months ended in September, down from 2.06% in the second quarter, the ABA said.
