Credit card delinquency at the end of second quarter of 2014had dropped nearly 9% to 1.16%, according to the national creditdata firm TransUnion.

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This was a sharp decrease from the 1.27% delinquency in creditcards in the second quarter of 2013 and the lowest rate of creditcard delinquency since 2007, the data showed.

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“Consumers continue to have a good handle on their credit cards,with delinquencies at all-time lows across the spectrum,” said EzraBecker, vice president of research and consulting in TransUnion'sfinancial services business unit. “We observed that delinquencyrates are dropping for all age groups, and at relatively similarrates.”

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The firm reported credit borrowers between the ages of 30 and 39lowered their rate of delinquency by 10.31%, from 1.74% as of Q22013 to 1.56% in Q2 2014. Other age brackets also showeddelinquency declines.

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Transunion's data revealed consumers, on average, added verylittle to their credit card debt. Average credit card debt movedfrom $5,226 per account in 2013 to $5,234 per account in 2014.However, consumers in the 50 to 59 age bracket increased theircredit card balances by 0.60% and cardholders over the age of 60increased their balances by 1.86%.

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Part of the reason for the increases was the 40 to 60-year oldage range remains the peak years for both earning and purchasingwith cards and other means as well, according to TransUnion.

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“Traditionally, consumers carry heavier debt loads between theages of 40 and 60 as they are in their peak purchasing years,”Becker said. “They also tend to spend more on items such as newcars, home furnishings (and) college tuition for theirchildren.”

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He added, “As we've noted in recent quarters, younger consumerscontinue to have lower debt levels, which can be attributed in partto limited access to card credit and a greater reliance on debitcards, among other factors.”

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