WASHINGTON ? Consumer credit card delinquencies improved in the fourth quarter of 2004 along with every consumer loan category, according to the American Bankers Association?s latest Consumer Credit Delinquency Bulletin.
“Such an impressive improvement is a rare event,” said James Chessen, ABA?s chief economist. “We haven?t seen an across-the-board decline in delinquencies since 1983.” ABA has tracked consumer loan delinquencies for more than 30 years.
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