As Americans pay debts and Delinquency rates, Tumble

Credit card ??????? fell again in the second quarter as consumers continued to pay down their debt, according to TransUnion, one of the national credit bureaus. Delinquency rates are based on the number of accounts with membership card holders at least written since 90 days late on payments.

The rate dropped 0.92% second quarter, down 17.1 percent from the first quarter. Year, the credit card has fallen ???????-21.3%.The average consumer credit card debt in the u.s. dropped for the fifth consecutive quarter, to $ 4,951, a decline of 4.1 percent last quarter, the average ... hovering around $ 2,293.

"It seems that consumers have come to realize the material improvement is likely to unemployment in the short term, this is the time to save vs. spend balance. it remains to be seen whether this dynamic short-term or new paradigm of consumer behavior," said Ezra Becker, TransUnion representative.

Due to the recession, the Americans have been focused on reducing their debt on their credit management, restructuring of their savings.

Tags: credit card debt, credit cards, savings

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