Times are tough, but Americans are apparently rising to the challenge -- by becoming more frugal. The American Bankers Association reports that borrowers are missing fewer payments on their home equity loans
, home equity lines of credit and credit cards. The rate of delinquency payments declined for the third straight quarter, said the ABA. Home equity loan delinquencies dropped to 4.12 percent from 4.32 percent in the previous quarter; delinquencies on home equity lines of credit fell to 1.81 percent from 2.04 percent last quarter and a high of 2.12 percent in the third quarter of 2009.