The number of people three months behind on bankcard payments fell 11 percent in the fourth quarter of 2008 from a year ago. Consumers restrained spending during the holidays, adding less than 2 percent to their balances, according to consumer credit tracking agency TransUnion.
The percentage of consumers behind 90 days or more on payments for their bankcards - MasterCard, Visa, American Express and Discover - fell to 1.21 percent in the fourth quarter, from 1.36 percent a year ago.
More on-time payments came even in the face of worsening job losses and home foreclosures.
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