Average US Credit Card Debt Per Borrower Down - 47 ABC - 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 This material may not be published, broadcast, rewritten or redistributed.)

  • ContestsMore>>

  • Midway Speedway Giveaway

    Midway Speedway Giveaway

    Thursday, June 26 2014 7:57 AM EDT2014-06-26 11:57:18 GMT
    Enter to win a Midway Speedway Four Person Park Pass This includes all day at the waterpark, four choice tickets (good for any ride or attraction) and a round of fire mountain golf. Rules No purchaseMore >>
    Enter to win a Midway Speedway Four Person Park Pass This includes all day at the waterpark, four choice tickets (good for any ride or attraction) and a round of fire mountain golf. Rules No purchaseMore >>
  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The WMDT 47 "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.