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Fewer loans made in 2008, but defaults increased

Credit was tight in Colorado in 2008 – fewer loans were made but defaults and delinquencies increased, and even the state’s payday consumer lenders saw less business. Delinquencies on supervised loans increased 23 percent and the loan defaults doubled compared to the previous year, according to a report from Colorado Attorney General John Suthers. “Although… Continue Reading Fewer loans made in 2008, but defaults increased

Auto loan delinquencies jump

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NEW YORK (AP) – Those “green shoots” of economic rebound don’t yet have very deep roots. While some economic indicators are pointing to better days ahead, data shows consumers continued to struggle to make loan payments in the first quarter. The latest evidence showed in the rate of auto loan payments that were 60 days… Continue Reading Auto loan delinquencies jump

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