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Americans Controlling Debt

Americans Controlling Debt
Friday, July 6, 2012 - 7:51am

Americans are doing a better job getting their debt under control. The percentage of people with overdue payments on credit cards, auto loans and other debt dropped during the first three months of the year.

The American Bankers Association says the percentage of loans at least 30-days overdue dropped to a little more than two percent which is the lowest level since 2007. The percentage of overdue credit card payments fell to the lowest level since 2001.

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