At the end of June, Americans had run up revolving debt - mostly credit cards - of more than US$1 trillion, below the peak of $1.03 trillion reached in December of 2017 but just the fourth time that revolving debt has topped $1 trillion since January 1968. The first time was December 2007, according to specialist online news site creditandcollectionnews.com. While the vast majority of that debt is paid off in a timely manner, more than $23 billion of that debt is delinquent, meaning a payment is 30 days or more past due. Being behind on a credit card payment has affected 21 per cent of Americans at least once in their lives, www.collectionnews.com asserted.