DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - Consumer credit lines continue to increase as US Gov't considers raising its own cred

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Consumer credit lines continue to increase as US Gov't considers raising its own cred

What credit crunch?
Consumers get more credit | Bankrate.com

Credit card and riskier revolving lines are on the rise.

Speaking from experience, I've added about $25,000 on my existing lines and opened a new one. One card I opened (with Chase) is specifically for financing a purchase I wanted to make across 12 months, interest-free, with no intention to use the line for anything afterwards once payment is complete [I got other lines way more generous with rewards I use regularly].

Most people with FICO scores above 750 (1/3 of US consumers) are being showered with offers.

Someone needs to explain to whoever created that headline that correlation doesn't equal causation.

Most U.S. fashion retailers have been reporting great quarterly earnings this year. And credit card processors have also been doing good business. Seems like there is some sort of disconnect somewhere.