Consumer debt, late payments up
NEW YORK Consumers who have fallen behind on their payments hit an all-time high in the first quarter, that's according to the American Bankers Association. Delinquency rates on the value of a credit card increased to 6.6 percent -- that's up from 5.5 percent in the fourth quarter. Late payments on home equity loans rose to three and a half percent from three percent.
More TOP STORIES News