Posts Tagged ‘charge-offs’

Leasing Delinquencies Remain at Historic Lows

Posted on October 11, 2017 by Laura Lam

Recent statistics from the Federal Reserve validate what leasing professionals have understood about their industry for years. The data reach back to the first quarter of 1985 and underscore the fact that, when it comes to delinquencies and charge-offs, equipment leasing remains one of the best performing sectors under the broader umbrella of commercial finance. According to Bob Rinaldi, CEO of Commercial Industrial Finance, Inc., the most recent data on charge-offs and delinquencies offer no surprises. Rinaldi stated, “There’s nothing in this data that should alarm anyone in the industry…the data points are exactly where they should be. Everything here…

Banks See Slower Loan Growth, Higher Charge-Offs

Posted on June 12, 2017 by Laura Lam

FDIC-insured banks reported that the pace of loan growth slowed in the first quarter and that charge-offs on loans to individuals increased. But banks still recorded robust earnings for the period.  Total loans and leases fell by $8.1 billion, or 0.1% year-over-year, in the 3 months ended March 31, led by credit card loans, which posted a seasonal decline of $43.7 billion, or 5.5%. In its Quarterly Banking Profile, the FDIC attributed the decline to cardholders paying down outstanding balances, but residential mortgages also fell, by 0.5%. Credit to businesses offset some of the decline, with commercial and industrial loans up…

New Business Volume Down 3% from 2015

Posted on February 09, 2017 by Laura Lam

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), showed their overall new business volume for December was $12.1 billion, down 3% year-over-year from new business volume in December 2015. Volume was up 89% month-to-month from $6.4 billion in November in a typical end-of-year spike. Cumulative new business volume for 2016 was down 2% from 2015. Receivables over 30 days were 1.40%, up from 1.30% the previous month and up from 1.10% in the same period in 2015. Charge-offs were 0.42%, up from 0.40% the previous month but virtually flat when compared to the year-earlier period.  Credit approvals totaled…

Debt Delinquency Timeline: What to Expect

Posted on July 12, 2011 by Saldutti

At a time when unemployment remains stubbornly high and job prospects seem dismally low, the danger of missing a credit card payment or two is all too possible for many borrowers. Some may be tempted to try to outrun the debt by dodging collection calls and throwing away creditor letters. But sooner or later, your debt will find you.  Your delinquent debt can follow you on your credit report and possibly all the way to court if you refuse to pay. Bankrate.com outlines the timeline for debt collection efforts and reveals what to expect and what you can do at…