FICO Survey: Auto loan delinquencies hit highest level since Q4 2012

SAN JOSE, Calif. —January 14, 2014— As consumers continue to seek and receive more credit, the latest quarterly survey of U.S. and Canadian bank risk professionals found expectations for delinquencies on auto loans hit their highest level since Q4 2012, and expectations for delinquencies on credit cards reached their highest level in two years. In the survey from FICO (NYSE:FICO), a leading predictive analytics and decision management software company, 34 percent of respondents expected delinquencies on auto loans to grow in the next six months, while 28 percent expected delinquencies on credit cards to increase.

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