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More Americans Are Paying Their Credit Card On Time |
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Written by Top Ten List
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Sunday, 22 November 2009 |
According to a recent survey conducted on the overall credit card payments by credit card holders in America, it seems that more Americans are paying their credit cards on time, as opposed to several months ago. The survey revealed that the late credit card payments have in fact dropped 6 percent in Q3 this year, which signifies that Americans are more financially stable when compared to early this year. On the other hand, the survey also revealed that the overall outstanding debts for these credit card holders have also dropped from $5,719 to $5,612.
Personally, I believe that these data show that the economy is recovering at a slow pace, but surely it is recovering indeed. With more credit card users paying their debt on time, this also shows that Americans are more stable financially, when compared to the beginning of this year, when the recession took place.
Do you think that Americans will continue to pay their credit card debts on time?
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