Average US Credit Card Debt Per Borrower Down - WMDT 47 News - Delmarva's Choice

Average US Credit Card Debt Per Borrower Down

Posted: Updated:

LOS ANGELES, Ca. - Ramped-up holiday season spending likely kept many Americans from making timely payments on their credit cards in the last three months of 2012.
    
Credit reporting agency TransUnion said Wednesday that the rate of credit card payments at least 90 days overdue jumped to 0.85 percent in the fourth quarter from 0.78 percent a year earlier.
    
That's an increase of about 9 percent.
    
The rate also climbed 13 percent from the third quarter, when it was 0.75 percent.
    
Meanwhile, the average amount of debt charged by borrowers in the fourth quarter was $5,122.
    
That's down 1.6 percent from a year earlier, but an increase of 2.5 percent from the July-September quarter.
    
One factor in the increased late-payment rate: Banks have been issuing more credit cards to borrowers with less-than-sterling credit.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Local NewsLocal News

  • Thursday, May 23 2013 12:37 AM EDT2013-05-23 04:37:58 GMT
    DOVER, Del. - Members of the legislature's budget writing committee have approved $2 million in new spending for Delaware charter schools.    Wednesday's vote by the Joint Finance Committee is aimed at
    DOVER, Del. - Members of the legislature's budget writing committee have approved $2 million in new spending for Delaware charter schools.    Wednesday's vote by the Joint Finance Committee is aimed at

  • Thursday, May 23 2013 12:26 AM EDT2013-05-23 04:26:32 GMT
    DENTON, Md. - An off-duty state trooper is being treated for injuries he sustained after he reportedly confronted vandalism suspects in a car, and was dragged by the vehicle when the driver accelerated
    DENTON, Md. - An off-duty state trooper is being treated for injuries he sustained after he reportedly confronted vandalism suspects in a car, and was dragged by the vehicle when the driver accelerated

  • Thursday, May 23 2013 12:19 AM EDT2013-05-23 04:19:14 GMT
    SNOW HILL, Md. - The intersection of Rt 113 and Rt 12 in Snow Hill has been the scene of 61 accidents, two fatal, since its completion in 2006. Edwin Shockley, a former EMT who lives less than a mile
    SNOW HILL, Md. - The intersection of Rt 113 and Rt 12 in Snow Hill has been the scene of 61 accidents, two fatal, since its completion in 2006. Edwin Shockley, a former EMT who lives less than a mile
    •   

  • Contests

  • This week's Friday Freebie is a spa package, from Made Ya Look Salon and Day Spa in Rehoboth Beach. Valued at $150.
    This week's Friday Freebie is a spa package, from Made Ya Look Salon and Day Spa in Rehoboth Beach. Valued at $150.

  • Feeling the pain at the pump? We can help! Watch WMDT 47 News at 6 for our Spring Gas Giveaway. WMDT and Gordy Tiger Mart want to give away 30 $100 Exxon Mobil gas cards starting April 25, 2013. Register
    Register to win a $100 gas card!

  • The WMDT/Mountaire Better Delmarva Award is a monthly honor designed to highlight local individuals, businesses, civic organizations or classrooms who are going above and beyond in their effort to assist others in the community or to improve and protect the local environment.  Each month a winner is chosen by a Mountaire selection committee from submitted nominations.
    •   
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2013 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.