More consumers paying credit card bills on time

In another sign of household belt-tightening, the rate of late credit card payments fell to a 17-year low in the second quarter.

The national credit card delinquency rate, which measures payments that are 90 days or more past due, was 0.6% at the end of the second quarter, according to credit reporting agency TransUnion. That's down nearly 19% from the first quarter and 35% from the second quarter of 2010, TransUnion said.

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