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New bankcard credit availability remains low |
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July 29, 2010 |
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New credit availability remains low, as new bankcard limits continued to stay flat throughout 2009. New origination limits were $40 billion in Q4 2009 which is relatively unchanged from the $39 billion originated in Q3 2009. Current bankcard originations now represent only 38 percent of the new limits issued in Q4 2007.
Source: Experian-Oliver Wyman Market Intelligence Reports
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