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February 20, 2013
Credit card debt falls, late payments rise
By ALEX VEIGA
AP Business Writer
AP Business Writer
LOS ANGELES — Ramped-up holiday season spending typically keeps some borrowers from making timely payments on their credit cards in the last three months of the year, and 2012 was no exception.
The rate of credit card payments at least 90 days overdue jumped to 0.85 percent in the fourth quarter from 0.78 percent a year earlier, credit reporting agency TransUnion said Wednesday.
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