Credit card delinquencies lowest since 1990

July 9, 2013 12:01:47 PM PDT
Credit card holders are the most responsible they've been in the last 22 years when it comes to paying their bills.

A report just released by the American Bankers Association says delinquencies on bank-issued credit cards dropped to 2.4 percent in the first quarter of this year.

That's the lowest level since 1990.

The report says many consumers have learned from the recession and are now working harder to keep debt at manageable levels.