CHICAGO (WBBM) – A new study projects that fewer Americans will fall behind on their mortgage and credit card payments next year.

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TransUnion, a Chicago-based credit reporting agency, expects deliquencies on credit card and homeowner debt will drop sharply in 2011. The company’s Ezra Becker says that will continue a trend begun in the second half of this year.

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TransUnion projects that, by the end of 2011, just under 5 percent of mortgages will be late by 60 days or more. Illinois’ mortgage delinquency rate should drop 18 percent to just over 5 percent by the end of next year.

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Credit card delinquency rates for next year are expected to be about half what they were at the beginning of the great recession.