Do Most Consumers Pay Credit Obligations On Time? - CREDIT INFORMATION
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CREDIT INFORMATION: Do most consumers pay credit obligations on time?
Most consumers pay on time. Fewer than four in 10 have been reported 30 or more days late with a payment. Only two in 10 have been 60 or more days overdue on any credit obligation. Eighty-five percent have never had a loan or account that was 90 or more days overdue and fewer than 10% have defaulted on a loan. (Source: Fair Isaac/MyFico.com)
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