Late payments on credit cards drop in 3rd quarter

"For the first time in a decade, more people paid their credit card bills on time in the third quarter this year than in the second quarter. The delinquency rate on bank-issued cards like those bearing MasterCard and Visa logos fell to 1.1 percent for the June-to-September period, from a rate of 1.17 percent in the prior three months, according to credit reporting agency TransUnion."