Late payments on credit cards decline

WASHINGTON — Late payments on credit card bills dipped in the second quarter, while delinquencies on home-equity lines of credit climbed to a 51/2-year high, painting a mixed picture of how people are managing their debt.

The American Bankers Association, in its quarterly survey of consumer loans, reported Wednesday that late payments on credit card bills dropped to 4.39 percent in the April-to-June quarter.

That was down from 4.41 percent in the first quarter and was the lowest reading since the final quarter of 2005.

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