60-day delinquency on credit cards sets record in U.S.

02/5/2009 | Financial Times (free content)

Fitch Ratings said U.S. credit-card payments that are at least 60 days late reached a record 3.75% in January. "U.S. consumers continue to struggle in the face of mounting pressures on multiple fronts from employment to housing to net worth," Fitch Managing Director Michael Dean said.

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