Credit Card delinquency rate lowest since 1994

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USA – Credit card delinquencies are at the lowest they’ve at been since 1994.

Credit card delinquencies sank to 2.47% in the fourth quarter of 2012. That is the lowest it has been in nearly two decades.

We have come a long way in the past several years considering delinquencies reached a record high of 5.01% back in 2009.

However, delinquencies on student loans, mobile home and boat loans all rose in 2012.