PHOENIX -- A new report indicates that more Americans are paying their bills on time -- and that's a good thing.
The American Bankers Association says 2.47 percent of bank-issued credit card accounts were delinquent in the fourth quarter of last year.
That is the lowest level since 1994.
Compare that to the record high of just over 5 percent in 2009 where twice as many card holders had payments at least 30 days late or more. Bank card delinquencies fell throughout 2012. Analysts say that's a sign more consumers are at least trying to pay down their debt.
The American Bankers Association report also says that more people are playing on time when it comes to their car loans, home equity loans and home improvement loans.