Overdue Credit-Cards Hit 11-Year Low In Q2 - Newschannel 6 Now | Wichita Falls, TX

Overdue Credit-Cards Hit 11-Year Low In Q2

WASHINGTON (AP) - A report is showing that more Americans are keeping up with their credit-card payments.
    
The American Bankers Association says the percentage of bank-issued credit cards that were 30 days or more overdue fell to an 11-year low in the second quarter. That came as consumers keep a tighter grip on their finances amid economic uncertainty.
    
But the association says delinquencies rose on home-equity loans, home-equity lines of credit and home improvement loans in the April-June quarter. The association notes that it will take time for the recovery in the housing market to be reflected in lower delinquency rates.
    
Credit-card delinquencies in the second quarter fell below 3 percent of total accounts for the first time since 2001, reaching 2.93 percent. That's down from 3.08 percent in the first quarter.

  • News HeadlinesNewsMore>>

  • The Latest: Trump congratulates US women's hockey on gold

    The Latest: Trump congratulates US women's hockey on gold

    Wednesday, February 21 2018 8:35 PM EST2018-02-22 01:35:29 GMT
    Thursday, February 22 2018 12:08 PM EST2018-02-22 17:08:00 GMT
    (AP Photo/Morry Gash). Marcel Hirscher, of Austria, skies into the finish area after the first run of the men's slalom at the 2018 Winter Olympics in Pyeongchang, South Korea, Thursday, Feb. 22, 2018.(AP Photo/Morry Gash). Marcel Hirscher, of Austria, skies into the finish area after the first run of the men's slalom at the 2018 Winter Olympics in Pyeongchang, South Korea, Thursday, Feb. 22, 2018.

    Russian state TV reports that curler Alexander Krushelnitsky will give back his Olympic bronze medal after failing a drug test at the Pyeongchang Winter Games.

    Russian state TV reports that curler Alexander Krushelnitsky will give back his Olympic bronze medal after failing a drug test at the Pyeongchang Winter Games.

  • China cracks down on strippers at funerals

    China cracks down on strippers at funerals

    Thursday, February 22 2018 12:04 PM EST2018-02-22 17:04:10 GMT
    Thursday, February 22 2018 12:04 PM EST2018-02-22 17:04:10 GMT
    Providing entertainment at funerals in China goes back to the Qing Dynasty, which ran from 1644–1912. (Source: Pixabay)Providing entertainment at funerals in China goes back to the Qing Dynasty, which ran from 1644–1912. (Source: Pixabay)

    Providing entertainment at funerals in China goes back to the Qing Dynasty, which ran from 1644–1912.

    Providing entertainment at funerals in China goes back to the Qing Dynasty, which ran from 1644–1912.

  • Closings & Cancellations

    Closings & Cancellations

    Thursday, February 22 2018 11:43 AM EST2018-02-22 16:43:31 GMT
    (Source: RNN Texoma)(Source: RNN Texoma)

    Newschannel 6 is working to monitor the latest closures, delays and cancellations across Texoma due to inclement weather.

    Newschannel 6 is working to monitor the latest closures, delays and cancellations across Texoma due to inclement weather.

Powered by Frankly