The data lags by a quarter, so the latest TransUnion figures cover the October-December period.
You get one from each of three major credit reporting agencies: Experian, Equifax and TransUnion.
TransUnion performed its study at the request of credit unions, which make private student loans.
WSJ: Third of Student-Loan Debt Belongs to Subprime Borrowers
Along with two collection reportings to all three of the major reporting agencies Experian, Equifax, and Transunion.
With TransUnion, you pay rent as usual, which is verified by RentalKharma.com or RentReporters.com .
The second-quarter figure was the lowest since TransUnion started keeping track, in 1999.
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CreditKarma.com offers a free TransUnion TransRisk score, on a scale of 300 to 850, as well as a VantageScore.
Selling credit monitoring directly to consumers is "an area of focus for growth for us, " says Colleen Martin, TransUnion's spokeswoman.
Consumers also can order one complimentary copy of their credit report per year from Equifax, Experian and TransUnion at annualcreditreport.com.
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Read my previous post on how to get your credit reports and scores from Equifax, Experian and TransUnion .
Several times a year, order your credit report from one or more of the national credit reporting agencies (Equifax, Experian, TransUnion).
The lowest late-payment rate on TransUnion records going back to the mid-1990s was 0.56 percent, set in the third quarter of 1994.
Two of the three major credit-reporting firms, Experian and TransUnion, now allow renters to include on-time rent payments on their credit reports.
CreditKarma.com provides both the TransUnion TransRisk score and a Vantage score, developed by all three credit bureaus and used by some lenders, for free.
According to the more recent TransUnion study, more than half of student loans are in deferred status where the loan payment has been temporarily delayed.
Missed student-loan payments are more likely to have a big impact on the scores of borrowers with short credit histories such as recent college graduates, TransUnion said.
WSJ: Third of Student-Loan Debt Belongs to Subprime Borrowers
This "score" is determined by one of three companies--Equifax, TransUnion or Experian--and basically tells a creditor how likely you are to pay back a loan on time.
The three major credit-reporting agencies are Equifax, Experian and TransUnion.
Or, to help detect identify theft, check every few months by looking up your Experian report on, say, Presidents Day, TransUnion on July 4 and Equifax on Veterans Day.
The TransUnion study didn't measure whether borrowers had poor credit scores at the time they took out their loans or if their credit scores dropped because of their repayment problems.
WSJ: Third of Student-Loan Debt Belongs to Subprime Borrowers
Auto loans in particular have gone to the head of the line for households that have to decide which bill to pay first, according to Chicago-based TransUnion, the credit bureau.
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"Even a moderate uptick in delinquency is not a cause for concern, because we are at historic lows, " said Ezra Becker, vice president of research and consulting in TransUnion's financial services business unit.
According to FTC.gov, under the Fair Credit Reporting Act, all individuals are guaranteed to receive one free credit report every twelve months from three nationwide credit reporting agencies: Experian, Equifax, and TransUnion.
It found rampant errors on credit reports from the three big credit bureaus (Equifax, Experian and TransUnion), but noted that the bureaus often do a lousy job correcting errors after consumers contact them.
According to Transunion, fewer mortgage holders have been falling behind on their payments, with delinquencies (payments more than 60 days late) in the third quarter making their biggest decline in the last four years.
According to a study last year by TransUnion, another credit bureau, consumers in the latest recession were more likely to keep up with their car payments than other forms of debt, like credit cards or mortgages.
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The two other U.S. credit rating agencies, Experian, a subsidiary of British retail conglomerate Great Universal Stores, and TransUnion, a subsidiary of the privately held Marmon Group controlled by Chicago's Pritzker family, offer similar monitoring services.
Fifty-one percent of student loans were in deferment, forbearance or belonged to students still in school as of March 2012, up from 44.3% a year prior, according to data released by credit bureau TransUnion earlier this year.
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TransUnion said earlier this month that the percent of auto loans that were 60 or more days past due was only 0.33 percent in the second quarter of 2012, down from 0.36 percent in the first quarter, or 0.44 percent a year ago.
FORBES: When It Comes To Car Payments, The Check Is In The Mail, Honest
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