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Charge-Off Rates Rise.(Brief article)
ATLANTA -- A study by BenchMark Consulting finds that while the number of consumer loan charge offs is rising, the charge-off rate by dollar volume has fallen.
That suggests lenders are charging off smaller balance consumer loans, the company said. By dollar, the overall consumer-loan delinquency rate increased by 2% at the end of last year from a year earlier. But the average gross loss rate decreased by 13%.
Brian King, BenchMark's consumer lending and mortgage banking practice manager, said ...
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Source: HighBeam Research, Charge-Off Rates Rise.(Brief article)