BANKING : Consumer Loan Delinquency Drops in Third Quarter
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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.
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