 TITLE: Consumer Delinquencies Slow During Pandemic CONTENT: Delinquencies Down Overall Since Onset of Pandemic\n--------------------------------------------------\nTo measure delinquencies, we looked at the average number of instances in which a consumer had an account that was 30, 60 or 90 days delinquent in the past 12 months. Though the average number of instances per consumer is relatively low (less than one instance per person), the rate of decline over the past six months has shown that overall consumer delinquencies are trending down.\nBetween January 2020 and June 2020, average instances of consumer delinquencies across all delinquency ranges (30, 60 and 90 days) declined by at least 2.4%. The average number of 30-day delinquencies saw the greatest decrease, shrinking by 8.7% since January.\nMuch of this is likely due to consumer accommodations lenders have made during the pandemic, including the ones mandated by the Coronavirus Aid, Relief and Economic Security (CARES) Act. With more consumers in forbearance, or with payments deferred through some accommodation, the decline in new delinquencies is understandable, as repayment for many loans has been paused.\nSource: Experian data from January 2020 to June 2020 END