Consumers are paying down their debts across an increasing number of loan categories, according to the American Bankers Association.

The financial services trade group released third-quarter consumer delinquency data on Jan. 5 for 11 loan categories, reporting that delinquencies had declined across seven of the categories. Cards was not one of them.

Bankcard delinquencies rose to 3.25% of total outstandings from 3.22% the previous quarter, but the rate was down 39 basis points from 3.64% a year earlier (see historical fact sheet).

Delinquencies fell across seven of the loan categories the association tracks, including two of the largest categories. Delinquencies on indirect auto loans, or those arranged through a third party such as an auto dealer, fell to 2.6% from 2.89% a quarter earlier, and delinquencies on closed-end home equity loans fell to 4.12% from 4.38%.

The association also tracks delinquencies in three categories of open-end loans, or lines of credit: home equity lines of credit, non-card revolving loans and bankcards.

Home equity and bankcard delinquencies remained “virtually flat” with movements of just a few basis points, says James Chessen, the organization’s chief economist, while the smaller category of non-card revolving loan delinquencies grew to 1.43% from 1.11%.

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