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Bonds News

FACTBOX-Equifax US consumer credit trends for December

 NEW YORK, Feb 6 (Reuters) - U.S. consumers are falling
further behind on their mortgages, car loans and credit card
payments as the U.S. recession deepens, according to data from
one of the largest U.S. credit bureaus.
 Equifax Inc's EFX.N December Credit Trends report, drawn
from 11 million credit profiles, was provided exclusively to
Reuters.
 * Total personal bankruptcy filings rose 44 percent year
over year in December.
 * Chapter 7 filings, which liquidate the assets of those
unable to pay their debts, rose 67 percent compared with last
December.
 * Chapter 13 filings, the so-called "wage-earners
bankruptcy," which establishes a payment plan for debtors, rose
16 percent.
 * 38.3 percent of homeowners with subprime mortgages were
30 or more days behind on the loans on their primary residences
in December, up 23.9 percent year-over-year.
 * 0.97 percent of homeowners with a prime mortgage were 30
or more days behind on their loans in December, an increase of
16 percent from November and 0.49 percent from last year.
 * Almost 4 percent of payments on bank-issued credit cards
were at least 60 days late, up from last year's 3.26 percent.
 * In December, there were 414 million open bank-issued
credit cards, down from a high of 438 million accounts in July
2008.
 * Credit limits fell as well, to $3.47 trillion in December
from a July 2008 peak of $3.59 trillion.
 * 1.7 percent of borrowers of auto loans from carmakers
were 60 days behind on the loans in December, up 4 percent from
November and up 16.2 percent from last year.
 (For a story on the data click on: [ID:nN06456291])
 (Reporting by Helen Chernikoff; Editing by Tim Dobbyn)


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