Credit card companies are easing lending standards
Credit card defaults are rising as lending standards have started to fall from the early post-recession days — that’s according to a new report by the credit rating agency Moody’s. The report shows even with unemployment at low levels, those charge-offs have increased significantly for some U.S. lenders, exceeding expectations of a modest rise. […]
Credit card defaults are rising as lending standards have started to fall from the early post-recession days — that’s according to a new report by the credit rating agency Moody’s. The report shows even with unemployment at low levels, those charge-offs have increased significantly for some U.S. lenders, exceeding expectations of a modest rise.
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