U.S. consumer delinquencies rose slightly in a range of loan categories in the second quarter of 2013 as a sluggish economy weighed on borrowers' ability to pay down debt, the American Bankers Association said on Tuesday.
Delinquencies remained well below the 15-year average, the group said.
But a composite ratio that tracks late payments in eight loan categories, including personal and property improvement loans, rose during the period.
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James Chessen, the bank group's chief economist, said in a statement that consumers have focused on paying down debt in recent years, which caused delinquencies to dip.
It was unlikely that trend could continue unless the economy and job market improved, Chessen said.