U.S. debtors delinquency rates improved significantly, credit bureau Equifax reported. Among the most significant statistics, 60-day deliquescence on credit card bills fell by 29 percent.
The reduction in late payments has in turn led to increased credit, according to Equifax. Credit card originations for consumers with subprime credit scores (below 660 points) increased 48 percent from January through October.
Among other types of debt, 60-day delinquencies among auto loans financed by dealers decreased by 19 percent. Auto loans financed by banks fell 23 percent in 2011.
Mortgage payments delinquent by 30 days declined by 13 percent last year, according to Equifax.