credit card receivables
Constipated Lending Makes Economy Ill
Our economic life cycle is dependent on all all parties doing their fair share of the heavy lifting. Finance companies and banks lend – consumers buy stuff using credit – stuff must be built – jobs are created and so forth.
We keep hearing about a crushing windpipe grip on banks and the government pleading to [...]
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New Indian Middle Class Gets Caught In the Whirlwind of Revolving Credit
It’s tough all over — and not just in the United States. In India, where revolving credit is still relatively new, consumers are struggling under the weight of crushing consumer debt, according to a story in the Wall Street Journal this morning. But it’s not just Indian consumers who are suffering. The banks that handed out this easy money are being hammered as well. Indeed, card companies that
