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Card Delinquency Drops to 18-Year Low, ABA Reports

Fourth quarter figures show delinquency rate at lowest level since 1994. Economist cites home-related payment improvements, too.

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The American Bankers Association reports that overall credit card delinquency fell in the last quarter of 2012 to its lowest level since 1994.

Bank card delinquencies fell from 2.75% to 2.47% the banking association reported.  ABA considers accounts delinquent when they are more than 30 days past a payment date.

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