Consumer Credit Card Picture Improves

March 07, 2003 at 07:00 PM
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NU Online News Service, March 7, 2003, 12:43 p.m. EST – U.S. consumers were somewhat better at handling their credit-card debt in February than they were in February 2002, according to Cambridge Consumer Credit Index Inc., Islandia, N.Y.

When index researchers interviewed 1,000 adults over the telephone, they found that 69% had either not used their credit cards in February or were able to pay off their card debts in full, up from 67% in February 2002.

Seventeen percent of the card users with a balance said they could pay more than half the balance, up from 13% in February 2002.

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