Delinquencies on credit cards issued by banks hit the lowest point in 18 years after plummeting to 2.47 percent in the fourth quarter, reports the American Bankers Association (ABA). The decline throughout 2012 sends a signal that consumers are attempting to get debt under control, according to ABA chief economist James Chessen. He added that banks are being more selective in approving people for credit cards to ensure they "have the capacity to repay those debts." ABA additionally noted lower late-pays for third-party auto loans, home equity loans and lines of credit, and home improvement loans. Delinquencies on mobile homes and boat loans, however, were up a bit.