This figure was the lowest for the period from I quarter of 2016, and the total amount for the year — 2014. But the amount of loans taken by motorists, showing a steady increase since 2010, and in 2018 reached a record high of 584 billion dollars.
It should be noted that credit for the purchase of a new car issue mainly people with a high rating in the fourth quarter among those with whom he is more than 760 points, owned about 30% of new borrowers, while “risk” is only 22%. The total debt increased by 32 billion dollars, to 13.54 trillion, and fourth quarter was the 18th in a row when they observed similar dynamics.
This should not cause concern, because Americans fulfill their financial obligations. For all types of credits 95.4% of borrowers, and their share is consistent with what was observed before the recession. If in the first quarter of 2010 were past due 90 days or more payments of 8.89% of the mortgage loans, in the fourth quarter of 2018, this figure fell to 1.06%. Now, compared to derecesini period, decreased the number of overdue autocad (about a 4.47%), but the truth, among those whose rating is less than 620 points, this indicator exceeds 8%.