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Falling Behind On Credit Card Payments

Posted on: 8:37 pm, November 20, 2013, by , updated on: 03:48pm, November 20, 2013

credit cards

(Chicago, IL) More Americans fell behind on their credit card payments in the third quarter.

But credit reporting agency Transunion says the delinquency rate is still near a six-year low.

Overall, credit card debt per borrower is down more than one percent compared to a year ago and Americans are carrying a smaller overall balance on their cards.