There is good news for people in New Jersey in a recent report about credit card debt. The amount that the average person in our country owes for these types of financial obligations has fallen again. This has occurred throughout the past year. However, for the many who still find it difficult to pay the debts that they owe, the decision to file a personal bankruptcy may be a good choice.
In fact, the number of people who pay their credit cards late each month increased over the past quarter. The number is still lower than was the case for the equivalent period last year, but as many as 1.36 percent of all consumers who owe credit card debts were at least 90 days late in the third quarter of 2013. Some of these late payments are attributed to the spending that typically occurs as the school year starts.