Credit Card Delinquencies Slide

 Credit Card Bills 30 days or more past due fell to 4.3% in June vs. 5.12% a year earlier, Moody said. It was the 11^th straight drop and the lowest level since June 2000. Cardholders paid back on average 16.81% of their credit card debt, a record and well above the year-ago 15.2%. The data suggests consumers are not struggling to pay debt.

August 25, 2004