Friday, May 10, 2024

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

How People React to a Credit Increase
Wharton professor Nicholas S. Souleles studied how borrowers react when lenders increase the amount people are allowed to charge on their credit cards. Not surprisingly, folks who are nearly maxed out quickly use a lot of their new credit. But wihtin six months of the credit increase, he found, even cardholders with with credit to spare carry bigger balances.
        Categories:  Debt,Ratios
        Reporting Pub:  Newsweek
        Reporting Date:  8/27/2001
        Article Title:  Maxed Out
        Article Author:  Daniel McGinn
        Pub's Source: 
        Source URL: 
 

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