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Are you handling your debt better than the U.S. government? A new study suggests that most Americans have a better grip on their credit card payments and debt. I’m Kristin Arnold with your Bankrate.com Personal Finance Minute.

A study from TransUnion on Tuesday shows the percentage of borrowers who are at least 90 days late on their credit card payments shrank to 0.6 percent in the second quarter. Not only is that the sixth straight quarterly decline, it’s the lowest point in 17 years. The drop also was the largest improvement since the recovery began two years ago.

Credit card limits rose by $60 billion, or 2 percent, in the second quarter, according to the Federal Reserve Bank of New York’s household debt study for April, May and June, released Monday. That marks the second quarterly increase in a row.

Consumers also opened 10 million more credit card accounts in the second quarter for a total of 389 million. But they are keeping cool heads about spending. Balances remained almost 10 percent below their peak in 2008.

This news sound better than what has come out of Washington recently. For more personal finance news, visit Bankrate.com. I’m Kristin Arnold.