Debt Defeaters

Finally, there is some good debt news.

The amount consumers owed on their credit cards in this year's second quarter dropped to the lowest level in more than eight years, reports the Associated Press.

The credit bureau TransUnion says the average bank-issued credit card debt fell to a little less than $5,000 in the three months ended June 30. That's a decrease of 13 percent for the same period a year ago.