Delinquencies, Bankruptcies, Foreclosures Improve; Household Debt Still 6.5% Below Peak

By Brian Honea

The number of individuals who had a foreclosure notation added to their credit reports in Q1 was 112,000, the lowest total since 1999, while the number of consumers who had bankruptcies added to their credit reports dropped by 4 percent from Q4 to Q1 down to the lowest point since 2006. The percentage of consumers with outstanding debt in some stage of delinquency fell from 6.0 percent in Q4 to 5.7 percent in Q1.

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