FICO Study: Bank Risk Professionals Don ’ Looser Credit Standards t header field

This week, FICO has released the results of a survey which asked the Bank risk experts to comment on how they expect the credit card industry to change during the past six months. Nearly 73 percent of these measure forecast the number of credit card applications to increase or remain steady, Bankrate. However, 46 percent of respondents ' believe lending restrictions become more strict.

Americans appear to be shifted their focus on rebuilding their savings, pay down their debt and improve their credit scores if they tightened. lending standards, however, consumers are less borrowing opportunities, strengthening their payment histories, analysts say.

Approximately 99 percent of survey respondents said they expect companies heavily consider risk management when lending borrowers during six months. this study results FICO says show the expanding gap between demand and supply of credit.

Analysts recommend using credit responsibly as consumers the most effective way to help their payment histories without applying for additional cards.

Tags: denied credit card debt, credit scores, loans

Was this entry is filed under General, economy's personal finances. you can track all responses to this entry through the RSS 2.0 feed you can leave a response, or trackback from your own site.

View the original article here