Tuesday, July 9, 2013

Credit Card Delinquencies Drop To Two Decade Low

From The Wall Street Journal, Real Time Economics, "Credit-Card Delinquency Falls to Lowest Rate Since 1990" by Eric Morath:
The delinquency rate on credit cards issued by banks fell to a seasonally adjusted 2.41% at the end of the first quarter of this year from 2.47% three months earlier, according to an American Bankers Association report to be published Tuesday. That is the lowest rate since 1990 and well below the 15-year average of 3.87%, the banking group found.
Source: The Wall Street Journal

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