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Consumer Credit Trends for Texas
The extents to which individuals are accessing credit and making timely payments on debt are important measures of financial inclusion and economic health in the United States, as well as in states and local communities. This paper uses a nationally representative loan-level dataset from Equifax to study consumer use and timely payment of four major loan types in Texas: mortgage, credit card, auto and student. It also looks at trends in balances, delinquent payments and credit scores over the past 15 years. Analysis finds that although there has been a decline in overall serious delinquencies since the Great ... (full story)