The April 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices is just out and here is banks had to say about consumer lending.
“Responses from domestic banks indicated that they are somewhat more willing to make consumer installment loans now as opposed to three months ago.
However, only a small net fraction of banks reported having eased standards on credit card loans and auto loans, and respondents’ standards on other consumer loans reportedly remained about the same.
On balance, several banks reported that they had increased the maximum maturity of auto loans and reduced spreads on such loans.
Other terms across the three categories of consumer loans remained little changed, on net, over the past three months. Demand for credit card and auto loans was modestly stronger on net, and demand for other consumer loans was reportedly about unchanged.” – Source
So it looks like the feedback from the banks is mostly unchanged for now.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.