Credit Card Delinquency At 18-Year Low

What's Hot

23 Upgrades Under $50 to Make Your House Look AwesomeAround The House

Trump Worth $10 Billion Less Than If He’d Simply Invested in Index FundsBusiness

Do This or Your iPhone Bill May SkyrocketSave

11 Places in the World Where You Can Afford to Retire in StyleMore

19 Moves That Will Help You Retire Early and in StyleFamily

What You Need to Know for 2017 Obamacare EnrollmentFamily

8 Things Rich People Buy That Make Them Look DumbAround The House

50 Ways to Make a Fast $50 (or Lots More)Grow

32 of the Highest-Paid American SpeakersMake

The 35 Two-Year Colleges That Produce the Highest EarnersCollege

5 DIY Ways to Make Your Car Smell GreatCars

Amazon Prime No Longer Pledges Free 2-Day Shipping on All ItemsMore

More Caffeine Means Less Dementia for WomenFamily

7 Household Hacks That Save You CashAround The House

5 Reasons a Roth IRA Should Be Part of Your Retirement PlanGrow

30 Awesome Things to Do in RetirementCollege

Beware These 10 Retail Sales Tricks That Get You to Spend MoreMore

9 Tips to Ensure You’ll Have Enough to RetireFamily

People are staying on top of many types of loans better than they have in a long while, which is good news for consumers and the economy.

We mentioned recently the recession made many of us better at saving and paying down debt; the American Bankers Association has some more evidence we’re doing better managing our money.

They say the number of people more than a month behind on bank-issued credit card payments is down to 2.75 percent – the lowest delinquency rate in 18 years. The 15-year average is 3.87 percent. Just four years ago, it was above 5 percent.

Delinquencies on property improvement loans, home equity loans, and home equity lines of credit dropped in the last quarter of 2012 for the first time in over a year. Auto and mobile home loan delinquencies were up slightly.

ABA chief economist James Chessen said, “While this conservative approach to credit may slow economic growth in the short-term, it portends stronger, more consistent growth in the future.  The sharp decline in delinquencies reinforces the notion that the economic recovery has become more self-sustaining and is on a path to increased growth.”

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: Sam’s Club Reveals Details of Black Friday, 5 Other Holiday Sales

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,721 more deals!