Experian® announced that an increase in severely delinquent account balances and slower consumer spending growth posed a significant challenge to small businesses that will likely continue throughout the rest of 2012 and most of 2013.

According to the latest Experian/Moody’s Analytics Small Business Credit Index, the credit quality measured by the Small Business Credit Index began deteriorating in Q3 after four consecutive quarters of improvement. Findings from the report showed that while 30- and 60-day past-due balances have improved, those that are considered severely delinquent (more than 90 days past due) have not improved after climbing 11.4 percent during the first three quarters of last year.

Source:  Experian Press Release