Risky Borrowers Find Credit Available Again, at a Price
(New York Times) — Credit card offers are surging again after a three-year slowdown, asbanks seek to revive a business that brought them huge profits before the financial crisis wrecked the credit scores of so many Americans. The rise is striking because it includes offers to riskier borrowers who were shunned as recently as six months ago. But this time, in contrast to the boom years, when banks “preapproved” seemingly everyone, lenders are choosing their prospects more carefully and setting stricter terms to guard against another wave of losses.
SEE ALSO
- Anita Baker To Embark On Nationwide Tour For The First Time Since 1995
- Wendy Williams’ Son Kevin Hunter Jr. Evicted From Miami Apartment
- Nia Long Isn’t Happy With How The Boston Celtics Handled Ime Udoka’s Cheating Scandal
- Lenny Kravitz Maintains Rock God Status With Bubble Bath Thirst Trap And A Phone Call From Denzel Washington During Performance
- Georgia Judge Prohibits Tiffany Haddish From Drinking And Ingesting Illegal Substances
