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Credit Card Delinquencies Reach 11-Year Low — Dollars and Sense

These days more credit card customers are paying their bills on time than they have over the course of the last decade.

A report released earlier today by the American Bankers Association indicates that delinquencies on credit cards are currently at an 11-year low, with only 2.93 percent of credit accounts reported past due by 30 days or more. These figures come in substantially under the 3.91 percent 15-year average.

So, what’s with all of the newfound responsibility?

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Category: Abilene News Tags:
Joe Raedle, Getty Images
Joe Raedle, Getty Images
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99-Year-Old Woman Denied Credit Card Because of Her Age

Being denied credit is never fun, and for one 99-year-old woman, it was especially disheartening. She was turned down for a store credit card because of her age — but as it turns out, it was all a big misunderstanding.

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Category: Abilene News Tags:
Joe Raedle, Getty Images
Joe Raedle, Getty Images
[

Do Americans Use Cash or Credit More? — Dollars and Sense

Credit card debt may have jumped during the holiday shopping season, but a new report indicates good old cash is still our first choice when we pay for smaller, everyday items.

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Category: Abilene News Tags: ,

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