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Pedata RV Center Cites ABA Credit Delinquency Bulletin Noting Loan Improvement for Motorhomes

Pedata RV Center cites ABA (American Bankers Association) Credit Delinquency Bulletin (Q4 2009). The Bulletin showed overall loan delinquency improvement for the second quarter in a row. Loans on motorhomes are one of 11 categories tracked by the ABA. RV loan delinquencies fell from 1.64% to 1.44%.

According to the ABA a delinquent loan is defined as being 30 days or more past due. The ABA tracks delinquencies in 11 categories including:

-direct auto loans

-marine loans

mobile home loans

-personal loans

-property improvement loans

-RV loans

-indirect auto loans

-home equity loans

-home equity lines of credit

-bank cards

-non-card revolving loans

Of the 11 categories 8 showed improvement and RV loans showed the greatest improvement.

Gerard Pedata of Pedata RV Center responded, “The loan delinquency rate improvements are a strong indication of economic recovery. Consumers are getting their finances in order after the abrupt nature of the recession. And banks are moving forward and tentatively offering credit after putting their losses behind them.”

Pedata RV Center sells motorhomes with their full inventory available for viewing online 24 hours a day (Class A, Class C, Class B, Fifth Wheel, etc). They also provide a wide variety of industry specific information to ensure that consumers in the market for motorhomes are aware of the various options and features available in the industry.

Pedata RV works very hard to make sure all the information provided on this website is accurate; however, different products, descriptions, promotion programs and services may change at any time from those listed on this site. All advertised promotional discounted rates and payments can change without notice, and applicants must be accepted by the funding bank, which typically includes, but is not limited to, high scores, debt to income ratio, down payment and loan value. All of our prices listed on this site are subject to change without notice, and do not include tax and other applicable fees. All technical data, product information, program information, photographs and illustrations are intended to be useful information available to Pedata RV at the time of posting, and are subject to change without notice. The RVs on this site may be staged with various props for display purposes only that may not be included with the purchase.

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