The delinquency rate on credit cards at all commercial banks dropped for the sixth straight quarter to 4.17% during the October-December period last year, which is the lowest level since the second quarter of 2007 according to new data released by the Federal Reserve. That’s quite an improvement in credit card delinquencies over the last six quarters, especially when compared to the all-time high of 6.75% in the second quarter of 2009.
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