N.Y. Fed Launches Nifty Auto Loan Tool

Want to find out what percentage of New York borrowers in the 18-to-34 age bracket are 90-or-more days delinquent on their auto loans? Or how many 50-to-64-year-old auto loan borrowers in Connecticut have credit scores higher than 620?

Now you can, thanks to a nifty, interactive tool launched last week by the Federal Reserve Bank of New York. The tool tracks regional indicators of non-housing consumer debt in New York, New Jersey, and
Connecticut. It allows for sorting by a number of characteristics, including type of debt ― auto loan, student loan, and credit card ― age bracket, and median outstanding debt, among other things. It’s backed by data from the N.Y. Fed’s Consumer Credit Panel, a nationally representative sample drawn from Equifax credit data, and by the U.S. Census.

The interface is simple and clean, and makes it easy to keep track of a handful of loan performance trends and borrower demographics.

And by the way, the answers to the two questions at the top: 5% and 85%, respectively.

Here’s a screenshot: