Credit card debt seems to becoming easier to deal with for consumers, a new report shows. According to the Moody’s Credit Card Index, charge offs saw a drop to 10.52 percent during the month of July. The charge off rate had been at 10.72 percent during June, which marked a record high for the index. Along with charge offs, credit card delinquencies saw a drop during the month. Delinquencies, which are defined as credit card debt payments that are more than 30 days late, fell to 5.73 percent during July. That rate is the lowest seen this year. As more consumers seem to be handling their credit card debt problems, they are also getting some help from the federal government. Recently, the initial provisions of the Credit Card Accountability, Responsibility and Disclosure Act took effect. According to the first set of new rules, consumers will get 45-days notice of changes to fees and interest rates. Furthermore, consumers will be given the option of opting out of the changes.