Credit Card Delinquencies Fall 4th Straight Month and Credit Card Debt Falls to 45-Mo. Low in March

(Reuters) - "U.S. credit card delinquencies fell for the fourth straight month in April, the latest indicator that Americans are recovering from the worst economic downturn since the Great Depression. While charge-offs remained high, delinquencies are a better gauge of future loan performance. With fewer consumers late on their bills, the outlook for credit losses over the summer may be improving."

HT: Benny The Man and Junkyard Hawg

Update: See chart above showing that revolving consumer credit (credit card debt) fell in March to a 45-month low of $852.6 billion, the lowest level since July 2006.