US credit card delinquencies fall in first quarter

Newswire

WASHINGTON, June 29 (Reuters) - U.S. credit card delinquencies dipped in the first quarter of the year as an improving economy created jobs and income, a trade association report showed on Tuesday. The number of people past due on their credit card bills slid to 4.21 percent of all accounts in the first three months of 2004 from the record high of 4.43 percent in the last quarter of 2003, the American Bankers Association said. But while the improved jobs picture and higher salaries have ...

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