The drop in delinquencies is likely due to the current recession which has caused consumers to manage their finances more carefully and dramatically cut back on spending. Most Americans are trying to de-leverage and cut back on debt wherever they can. The recent drop in delinquencies is welcome news during a time when there is so much of the economic news is painting a pretty grim picture.
Even with the drop in credit card delinquencies, many Americans are struggling with amounts of revolving debt that are beyond their control. If you are struggling with too much credit card debt there are options for reducing your debt load without filing for bankruptcy. Websites like http://www.DebtSimple.com can help you see if debt consolidation is a viable option for you by providing quotes from reputable service providers.