Credit card delinquencies drop to almost 3-year low, Moody's says

12/22/2010 | Bloomberg

The six largest issuers of credit cards, including JPMorgan Chase and Bank of America, reported improving data on their number of credit card holders who are behind on their payments last month. The figures resulted in credit card delinquencies reaching an almost three-year low last month, according to Moody's Investors Service.

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