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Available credit hits an all-time low |
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July 15, 2010 |
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Available credit on revolving accounts reached an all-time low of $3.28 trillion in Q1 2010, significantly lower than two years ago, when available credit was $4.46 trillion (Q1 2008). The decline suggests that lenders are continuing to minimize risk by reducing credit exposure, while consumers continue to tightly manage available credit.
Source: Experian-Oliver Wyman Market Intelligence Reports
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Replay the June Webinar by VantageScore Solutions, LLC, Finding lending opportunities in the new world of risk, to gain a greater understanding of the shifts in consumer behavior and to learn new techniques for finding quality lending opportunities with minimal risk exposure.
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