The Effects of Credit Score Migration on Subprime Auto Loan and Credit Card Delinquencies

John Driscoll, Jessica N. Flagg, Bradley Katcher and Kamila Sommer
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Kamila Sommer: https://www.federalreserve.gov/econres/kamila-sommer.htm

No 2024-01-12, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: In the early stages of the pandemic, income support and forbearance programs led consumer loan delinquency rates to fall to near-record lows for borrowers across the credit score distribution. Since the second half of 2021, however, delinquency rates have risen, and by 2023:Q3, overall rates for auto and credit card loans had risen above their pre-pandemic levels.

Date: 2024-01-12
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2024-01-12

DOI: 10.17016/2380-7172.3419

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