TITLE

CUTTING CREDIT LINES COULD COME BACK TO HAUNT CARD ISSUERS

PUB. DATE
January 2009
SOURCE
CardLine;1/2/2009, Vol. 9 Issue 1, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the cutting of credit lines, account reprising and other measures to control credit card risk in the U.S. Aggressive repricing could lead to a lead the withdrawal when cardholders decide to run up as large a balance as possible before abandoning the account. An observer says that one to prevent this from happening is by reducing credit limits, but that also can have unintended consequences.
ACCESSION #
36006418

 

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