22 Mar Transunion Tracks Deliquent Loan Payments.
Transunion has been issuing quarterly reports tracking the delinquencies of different loan payments. Credit card payment delinquencies increased by 11% between the 3rd and 4th quarter of 2008. Mortgage payment delinquencies have increased by 53% between the end of 2007 and the end of 2008. Finally the auto loan payment delinquencies rose by 7% in the fourth quarter of 2008. These delinquencies relate to the fact that February 2009 was the highest unemployment in the past 24 years.
Written by Kansas City, Missouri Bankruptcy Attorney, Rachel Lynn Foley.