More People Paying Credit Card Bills On Time

Posted on: 10:44 am, May 25, 2013, by , updated on: 06:31pm, May 21, 2013

credit cards

(Chicago, IL) More Americans paid their credit card bills on time in the first three months of the year.

A credit reporting agency says the rate of credit card payments at least 90 days overdue fell 19 % percent from the same time last year.

The average credit card debt also fell slightly to just under $5,000.

But that number is expected to go up because as the economy and job market continue making steady progress, Americans feel more comfortable borrowing.