More Americans Making Late Credit Card Payments

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.



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