By Jonathan Stempel, Reuters
A record number of Americans delayed making credit card payments in the second quarter as rising gasoline prices made it tougher for many people to pay their bills, a survey released on Wednesday shows.
The American Bankers Association said the percentage of card accounts 30 days or more past due rose to 4.81 percent from 4.76 percent in the first quarter. The latter number was revised upward from 4.03 percent.
“Gas is the driving factor,” said James Chessen, the banker group’s chief economist, in an interview. “For those already struggling to meet their financial obligations, it has been one more strain.”
For this complete story, please visit Gas Blamed for Record Late Credit Card Payments.
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