Debt Consolidation Depot
Debt Consolidation & Financial Information Resource Center
March 24, 2004
WASHINGTON -- The percentage of credit card payments that were past due
shot up to a new record in the final quarter of last year, but delinquency
rates for some other types of consumer loans dropped, painting a mixed
picture of how Americans are handling their debt.
The seasonally adjusted percentage of credit card accounts 30 or more days
past due rose to 4.43 percent in the fourth quarter of 2003, the American
Bankers Association reported in a quarterly survey released Tuesday. That
surpassed the previous all-time quarterly high of 4.09 percent set in the
third quarter of last year.
In the latest employment report, there were some 8.2 million people
unemployed in February, with the average duration of 20.3 weeks without
work. That marked the highest average duration of joblessness in over 20
years.
-- The Associated Press
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