U.S. credit card late payments down in 2Q

Published August 26, 2014 1:50pm ET



LOS ANGELES (AP) — Americans are doing a better job of making timely credit card payments, even as many lenders increasingly extend credit to more people with less-than-stellar credit.

The rate of U.S. credit card payments at least 90 days overdue fell to 1.16 percent in the April-June quarter — the lowest level in at least seven years, credit reporting agency TransUnion said Tuesday.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.