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Bank Card Delinquencies Dip to 8-Year Low
Published: Wednesday, 7 Jul 2010 | 6:39 AM ET Text Size By: ReutersDiggBuzz FacebookTwitter More Share
U.S. bank card delinquencies dipped in the first quarter of this year to the lowest level in eight years, reflecting measured improvement in the overall economy.
The American Bankers Association said consumer loan delinquencies improved for the third quarter in a row, falling to 2.98 percent of all accounts from 3.19 percent the prior quarter.
Delinquencies are defined as a late payment that is 30 days or more past due.
News Headlines
Published: Wednesday, 7 Jul 2010 | 6:39 AM ET Text Size By: ReutersDiggBuzz FacebookTwitter More Share
U.S. bank card delinquencies dipped in the first quarter of this year to the lowest level in eight years, reflecting measured improvement in the overall economy.
The American Bankers Association said consumer loan delinquencies improved for the third quarter in a row, falling to 2.98 percent of all accounts from 3.19 percent the prior quarter.
Delinquencies are defined as a late payment that is 30 days or more past due.
News Headlines