Which type of consumer loan has the highest rate of loan amounts (by dollar) that are more than 90 days delinquent?
In the third quarter of 2016, the 90+ day delinquency rate for student loans was 54% higher than credit cards, 210% higher than autos, and 570% higher than mortgages. Since 2012, the delinquency rate for student loans has exceeded any other type of consumer loan. Before this time, credit cards had the highest delinquency rate.
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