Lowest credit card delinquency rate since '94
Updated: Tuesday, April 2 2013, 09:07 PM EDT
(NEWSCHANNEL 3) - It seems more credit card users are paying their bills on time.
An American Bankers Association report released Tuesday finds that nearly 2-and-a-half percent of bank-issued credit card accounts were delinquent in the fourth quarter last year.
That's the lowest level since 1994.
Delinquencies fell throughout the year and analysts say that's a sign more consumers are trying to pay down their debt.
Late payments also fell in home equity loans, home improvement loans and third-party auto loans