DES MOINES — Consumers keep improving how they manage their credit card payments: Fewer customers defaulted in July or made late payments, compared with the previous month, according to reports that lenders filed yesterday.
The number of on-time payments has been rising the past several months for many major card issuers.
As long as unemployment remains high, consumers are apt to face financial difficulties, but the figures show continued improvement in Americans’ ability to pay down their credit card debt, said a Fitch Ratings analyst, Mike Dean.
