Showing posts with label consumer credit. Show all posts
Showing posts with label consumer credit. Show all posts

March 11, 2010

Great News! 2009 Credit Card Charge-Offs Exceed $80 Billion



Throughout 2009, outstanding consumer credit balances fell.  This was often described as consumer "deleveraging," or paying off debts.

March 3, 2010

On Borrowed Time

     A Brief Background

Credit Scoring and Subprime Lending


The end of "traditional" lending.

FICO, Credit Bureaus, and Privacy


Who's got your number?

You Have No Choice


Live by the score, die by the score.

"Responsibility"

Responsible to whom?

The New Morality

Honor thy lender.

Trading Prosperity


 Trading labor instead of products.

Stunting A Recovery


The consumer won't be coming to the rescue this time.