About The Associated Press

The Associated Press 212-621-1500
Associated Press
The Associated Press

Contact Us | Video | RSS | Mobile

Daily Photo Galleries

Friday - May 24, 2013

Wednesday - May 22, 2013

Tuesday - May 21, 2013

Americans cranked up their use of credit cards in the third quarter, racking up more debt than a year ago, while also being less diligent about making payments on time, an analysis of consumer-credit data shows.

The average credit card debt per borrower grew 4.9 percent in the July-to-September period from a year earlier to $4,996, credit reporting agency TransUnion said Monday.

At the same time, the rate of credit card payments at least 90 days overdue hit 0.75 percent, up from 0.71 percent in the third quarter of last year, the firm said.

While higher, the late payment rate is rising from historically low levels. The lowest late payment rate on TransUnion records going back to the mid-1990s was 0.56 percent, set in the third quarter of 1994. More recently, it was at 0.60 percent in the second quarter of last year.

1. Kovacevic: Matt Cooke 1, Ottawa Senators 0
2. Penguins rout Senators, return to Eastern Conference final
3. Letang dazzles with dynamic play in Game 5 win
4. Pitt awaits NCAA Tournament fate after loss to Notre Dame in Big East baseball
5. Saturday morning low temp tied record set in 1925
6. Alfredsson ponders his future
7. Pipeline project creates unease in Westmoreland County
8. Pirates notebook: Bucs shut down injured Karstens
9. Mayoral candidate Peduto wants to spread growth around Pittsburgh
10. Marine restores pride of Memorial Day parade on streets of Lawrenceville
11. Rankin teen charged in 16-year-old girl’s shooting death

Subscribe today! Click here for our subscription offers.