Delinquencies and New Debt Both Down


Delinquency rates on consumer debt is falling as fewer Americans are falling behind on their debt compared to prior to and earlier on in the current recession.

But in good news for consumers and bad news for lenders and credit card companies, they are also adding less debt.

Part of that can be attributed to the fact that lenders have tightened their standards and most of them are not lending but also consumer confidence has not risen to pre-recession levels either.