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

**YpbWF5Yo** · 07-30-2011, 03:47 AM

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.

**HunterM** · 07-30-2011, 08:18 PM

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

**esenesesinas** · 07-31-2011, 04:14 AM

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.

07-30-2011, 03:47 AM	#1
YpbWF5Yo Join Date Oct 2005 Posts 469 Senior Member	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. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

07-30-2011, 08:18 PM	#2
HunterM Join Date Oct 2005 Posts 366 Senior Member	Someone needs to explain to whoever created that headline that correlation doesn't equal causation. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

07-31-2011, 04:14 AM	#3
esenesesinas Join Date Oct 2005 Posts 512 Senior Member	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. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

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