NEW YORK (AP) — Credit card users are so focused on keeping their accounts in good standing that they've driven the rate of late payments down to its lowest level in 17 years.
The national credit card delinquency rate, or rate of payments 90 days or more past due, fell to 0.60 percent in the second quarter, down from 0.92 percent a year ago. That's the lowest rate since 1994, according to credit reporting agency TransUnion.
Delinquencies were expected to drop, but the improvement in that April to June period was faster than forecast.
And the improved payment habits came despite increased use of credit cards, based on quarterly data reported by banks that issue Visa and …
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