ATLANTA — Delinquency rates across home, auto and credit card finance accounts have demonstrated double-digit percentage declines from July 2011-2012, although student lending continues to lag far behind, according to Equifax's latest "National Consumer Credit Trends Report."

• Among the big declines (reported based on dollars:

• Auto loan 60-day plus delinquency rates declined 35%

• Consumer finance 60-day plus delinquency rates declined 23%

• Bank credit card 60-day plus delinquency rates declined 21%

• First mortgage severe derogatory rates (primarily loans transitioning to real estate owned (REO) status) rates declined 17%

• First mortgage 30-day plus delinquency rates declined 15%

• Home equity revolving 30-day plus delinquency rates declined 7%

Equifax said it's not just delinquency rates that are improving: new credit is also on the rise, increasing 13% from year-to-date in May 2011 ($305 billion) to May 2012 ($348 billion). The fastest growing type of credit: bank credit cards (21% versus one year ago), which went from $58.1 billion through May 2011 to $72.9 billion through May 2012.

"Consumers continue to improve their credit management, through higher monthly payments on card accounts, refinancing of existing mortgage debt at lower rates, and lower delinquency rates pretty much across the board," said Equifax Chief Economist Amy Crews Cutts. "Growth in total credit is consistent with the overall improvement in the economy-slow, but steady-with the exception of mortgage debt which is declining overall."

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