TransUnion

U.S. Delinquency Rates Remain Low to Open 2016, though Energy State Rises Beginning to Have Greater Impact on Nation

The oil slump continued to impact consumer credit performance in those states with economies more reliant on the energy sector. Serious delinquency levels for auto loans and credit cards continued to increase in energy-sector states such as North Dakota, Oklahoma, and Texas.

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TransUnion

U.S. Delinquency Rates Remain Low to Open 2016, though Energy State Rises Beginning to Have Greater Impact on Nation

The oil slump continued to impact consumer credit performance in those states with economies more reliant on the energy sector. Serious delinquency levels for auto loans and credit cards continued to increase in energy-sector states such as North Dakota, Oklahoma, and Texas.

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Mortgage - Delinquency Rates

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In Q1 2016, serious mortgage delinquency (the rate of borrowers 60 or more days past due) declined to 2.25%, down nearly 24% from 2.95% in the first quarter of 2015. North Dakota was the only state with an increase in delinquency from Q1 2015 to Q1 2016. Florida had the largest year-over-year decline in mortgage delinquency.

Mortgage Delinquency
Mortgage Average Balance
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Auto - Delinquency Rates

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Serious auto loan delinquency rose to 1.12% in Q1 2016, a 13.1% increase from 0.99% in Q1 2015. Maine had the largest year-over-year decline in delinquency in the first quarter of 2016, while North Dakota had the largest increase in auto delinquency in Q1 2016.

Auto Delinquency
Auto Average Balance

Credit Card - Delinquency Rates

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Serious credit card delinquency reached 1.47% in Q1 2016, a 6.9% increase from 1.37% in Q1 2015. North Dakota had the largest year-over-year increase in credit card delinquency in the first quarter of 2016, while Maine had the largest year-over-year decline.

Credit Card Delinquency
Credit Average Balance

Unsecured Personal Loans - Delinquency Rates

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The serious delinquency rate for unsecured personal loans (the rate of borrowers 60 or more days past due) remained steady at 3.53%, unchanged from Q1 2015. Nevada had the largest year-over-year increase in unsecured personal loan delinquency, while New Hampshire had the largest decline.

Unsecured Personal Loans Delinquency
Unsecured Personal Loans Average Balance
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