“The first stumble is really expensive. If you already have a low score and there's a delinquency, your score won't drop by as far.”
Craig Watts
“The historical low delinquency rate was 3.9 percent in the late 1970s, while the historical high for delinquencies was 6.07 percent [in 1985]. Right now it's right in the middle between the all-time low and the all-time high, and we're just coming out of a recession.”
Doug Duncan
“We try to do this every year to move any delinquents in a more positive direction. It's basically like a 'get out of jail free' card that helps get them back in line.”
Cindy Price
“If (Alamo) paid that (delinquency), that would give our jurisdiction that much more to operate on.”
Bill Shanklin
“We expect modest rises in delinquencies in the quarters ahead, particularly as related to Hurricane Katrina and its effect on the Gulf Coast.”
Douglas Duncan
“The industry is very sensitive to the fact that delinquencies have risen over the last two years. They have already taken steps to tighten underwriting standards -- to stop solicitations to risky customers.”
James Chessen
“Bankruptcies are down, deposit growth and credit card income is strong, and delinquencies are down.”
Wayne Bopp
