If there was a time you were late paying your credit card bills or maybe didn’t even pay it at all, you’re not alone. Far from it actually.


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Thirty-four million Americans admitted they’ve been late, and 18 million said they’ve missed payments entirely, according to a survey taken by the National Foundation for Credit Counseling. With all of these tardy payments, it’s not surprising the total U.S. outstanding consumer debt is at $2.84 trillion, as of June 2013.

On a positive note, this trend may be turning around. Credit monitoring site TransUnion found credit card payments that were at least 90 days overdue fell in the second quarter to 0.57 percent, which is only 0.01 percent higher than the second lowest record in 20 years.

People come up with all sorts of excuses as to why they can’t make their payments on time. The following is a list of the top five excuses — do any of them sound familiar?

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