Revolving Debt in the United States: Ready to Charge, but Exercise Caution
- Date:December 09, 2021
- Brian Riley
- Research Topic(s):
- PAID CONTENT
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.
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