More Americans Making Late Credit Card Payments

Posted on: 7:12 pm, February 20, 2013, by , updated on: 05:31pm, February 20, 2013

credit cards

(Chicago, IL) More Americans are apparently making late credit card payments.

This information comes from credit reporting agency TransUnion.

Late payments, meaning those at least 90 days overdue, jumped 9% in the fourth quarter compared to last year.

Experts blame overspending during the holiday season.

The average amount borrowers charged in the fourth quarter was more than $5,000.

Screen Shot 2012-03-20 at 4.22.27 PM
Download Our iPad Weather App

Get the new WREG iPad Weather App now!