The percentage of auto loans 60 days or more past due dropped slightly in Louisiana from the third quarter to the fourth. According to credit reporting agency TransUnion, Louisiana ranked third in the nation for auto loan delinquencies at the end of 2008, with 1.37% of all loans 60 days late. That’s a bit better than the third quarter, when Louisiana had the second-highest rate in the country and 1.41% of borrowers were behind on auto payments. Delinquencies continued to be highest in Mississippi, at 1.62%, followed by California, at 1.46%. The state with the lowest auto-loan delinquency was Alaska, at 0.19%.
La. auto delinquencies drop in fourth quarter
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