Credit Card Delinquencies Keep Falling

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00017352-credit-card-delinquencies-keep-falling/

By Carlos Torres, Bloomberg News

The percentage of U.S. consumer credit-card accounts with overdue payments fell in the first quarter to the lowest level in more than two years, helped by rising employment and incomes, the American Bankers Association said Tuesday.

The share of delinquent credit-card accounts fell to 4.03 percent during January to March from 4.2 percent the previous quarter, the bankers’ group said.

The rate hasn’t been that low since the third quarter of 2002.

For this complete story, please visit Credit-card delinquencies fall, bankers’ group says.

Credit Card Delinquencies Keep Falling

Unknown Author

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