Revolving Debt in the United States: Ready to Charge, but Exercise Caution
- Date:December 09, 2021
- Author(s):
- Brian Riley
- Research Topic(s):
- Credit
- PAID CONTENT
Overview
Credit card issuers acted aggressively to restore revolving debt, thereby offsetting the interest revenue loss resulting from COVID-related changes in purchasing and borrowing habits. However, while growth results effectively rebuilt portfolios, credit card issuers must be cautious about growing with new, riskier accounts rather than established card accounts.
Learn More About This Report & Javelin
Related content
DFAST: Tight Credit Card Risk Controls Ensure Bank Liquidity
Top financial institutions are prepared to navigate a severe economic shift, based on the results of the 2025 Dodd-Frank stress tests. Credit card losses continue to be the most si...
From Hype to Impact: How AI is Transforming Credit
Advances in artificial intelligence have generated a high level of excitement and marketing spending as financial organizations seek to rebrand their technologies with “AI” and dev...
Amex and Chase Face Off on Premium Credit Cards, but the Backstory Is More Interesting
Moves by American Express and Chase to revamp their signature card reward products will bring the issuers into greater competition for the most affluent cardholders and carry rever...
Make informed decisions in a digital financial world