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Delinquency Rates on Bank Installment Loans, by Type of Loan: 1970 - 1989[In percent, except as indicated.]Type of Credit 1970 1975 1980 1985 1988 1989 Closed-end installment loans Total 2.14 2.77 2.82 2.32 2.49 2.64 Personal(1) 2.39 3.43 3.53 3.63 3.34 3.52 Automobile, Direct 1.43 1.54 1.81 1.64 1.92 2.03 Indirect 1.94 1.95 2.29 2.02 2.46 2.61 Property improvement(2) 1.96 1.96 1.93 1.91 2.06 2.25 Home equity & second mortgage(3) (NA) (NA) (NA) 2.06 1.86 1.85 Mobile home 2.59 3.82 3.14 2.39 3.12 2.51 Recreational vehicle (NA) 2.21 1.94 1.84 2.07 2.24 Open-end Installment loans Bank card (NA) 2.33 2.72 2.95 2.19 2.24 Revolving credit (NA) 2.16 2.70 1.96 2.87 2.92 Home equity/line of credit(3) (NA) (NA) (NA) (NA) .68 .78 Repossessions Per 1,000 Loans Outstanding Mobile home 3.59 2.26 1.57 2.21 1.77 1.63 Automobile, Direct 1.52 .65 1.10 1.11 1.03 1.03 Indirect 4.88 1.75 2.75 2.08 1.86 1.70 NA=Not available. 1. Beginning 1985, includes home appliance loans. 2. Beginning 1985, own plan and FHA Title I loans. 3. Seasonally not adjusted. Source:American Bankers Association, Washington, DC.