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Bankcard credit limit changes caused no adverse effect among consumers |
June 3, 2010 |
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In Q1 2009, approximately 49 percent of consumers were subject to a credit line reduction on their bankcard accounts, while only 14 percent received an increase. A recent VantageScore® study showed that the majority of these decreases had no adverse impact on consumer behavior and resulted in removing a significant amount of excess, unused credit from the system.
Source: 2010 study by VantageScore Solutions, LLC
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Join a free broadcast on June 10, "Finding lending opportunities in the new world of risk," for more information on finding stable or improving credit quality consumers even in the midst of the credit deterioration.
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VantageScore® is owned by VantageScore Solutions, LLC.
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