Bank card delinquencies fell from 2.6 percent in the fourth
quarter of 2013 to 2.44 percent in the first quarter of 2014.
That's well below the 15-year average of 3.82 percent.
James Chessen, the association's chief economist, says more
consumers are paying off or paying down balances each month.
Credit Card Market Monitor
found that increasingly, credit card users are using their cards as
a transactional tool rather than as a form of debt.
At the end of each quarter, the association surveys about 250
FDIC-insured banks to collect consumer loan delinquency data. The
panel includes top consumer lenders in each state and smaller
institutions sampled by consumer loan portfolio size.
Carrots offered, sticks abandoned: Card issuers
lure late payers
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