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