Delinquencies to Rise at a Slower Clip in 2018, TransUnion Says | Auto Finance News | Auto Finance News

Delinquencies to Rise at a Slower Clip in 2018, TransUnion Says

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Serious delinquencies — loans 60 days or more past due — are expected to increase at a slower pace than in recent years, as TransUnion is predicting a three-basis-point rise by yearend 2018, compared with where the rate is now.

The industry delinquency rate is looking to have a roller coaster year in 2018 as TransUnion predicts the rate could drop as much as 20 basis points by midyear, before rising again above 2017 levels.

The delinquency rate is projected to rise to 1.46% in the fourth quarter, compared with 1.43% during the same period the year prior, according to TransUnion.

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