TITLE

Credit card borrowers pay the price as lenders struggle to make a profit

AUTHOR(S)
Stephen Womack
PUB. DATE
May 2011
SOURCE
Mail on Sunday;5/ 8/2011, p85
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
MILLIONS of credit card borrowers are being made to pay for the troubles of the banks through higher interest rates on their plastic.
ACCESSION #
60445905

 

Related Articles

  • ClickPay Buying SimpleCash Funding. Wade, Will // American Banker;1/12/2006, Vol. 171 Issue 8, p7 

    This article reports that the check-cashing company ClickPay Solutions Inc. of Pasadena, Calif., has agreed to acquire the short-term lender SimpleCash Funding of Lacey, Wash. The deal was announced Tuesday. The price was not. SimpleCash makes business loans secured by the borrowers' future...

  • Life on credit. Bauman, Zygmunt // Soundings (13626620);Spring2009, Issue 41, p56 

    The article discusses how the disparaged young people in Great Britain are being upbraided for their propensity for debt. The ruling business philosophy insists that the purpose of business is to prevent needs from being satisfied and to create more needs clamouring for satisfaction. This...

  • N.Y. Bill on Default Pricing May Have Little Effect. Jalili, H. Michael // American Banker;7/5/2006, Vol. 171 Issue 127, p9 

    The article focuses on a bill passed by the New York Legislature that would ban universal default pricing on credit cards; out-of-state lenders would be exempted. Universal default clauses give a lender the right to adjust pricing if a borrower defaults or is late making payments even to other...

  • Banks refusing mortgages for older borrowers. Jo Thornhill // Mail on Sunday;9/ 9/2012, p96 

    GROWING numbers of older borrowers are struggling to remortgage as lenders have become increasingly risk averse since the credit crunch.

  • Walk-Away Borrowers: Latest Mortgage Mess? Beighley, Dan // Orange County Business Journal;4/7/2008, Vol. 31 Issue 14, p3 

    The article discusses the impact of the decrease in the home prices on lenders and borrowers in the U.S. The fear is some borrowers may be more willing to damage their credit than to keep paying on loans for homes that have lost value. Information about the number of borrowers estimated to be...

  • Study Challenges Assumptions About Payment Priorities.  // CardLine;12/3/2010, Vol. 10 Issue 50, p8 

    The article focuses on the report by Filene Research Institute that consumers pay their bills before paying their mortgages. It states that decline in home prices justify the pattern that the borrowers pay their credit cards first in an effort to protect liquidity. It mentions that among the low...

  • Are you making credit mistakes? Rankin, D. // Working Mother;Feb92, p37 

    Lists and describes the ten most common credit mistakes. Includes failing to get credit in your own name; Accepting too many cards; Not shopping around for the best deal; Paying only the minimum amount due; Using credit to pay for credit; Using credit to pay for routine living expenses;...

  • Whack! Consumer Spending Takes A Hit. Morgan, Tom // Business Journal (Central New York);11/4/2005, Vol. 19 Issue 44, p30 

    The article focuses on the consumer behavior and spending. When consumers take loan on their house, they often don't see it as a loan. The lender explains them the money is available--with scarcely any increase in monthly installments. So the homeowners accept it, and spend it. Consumer...

  • Blundering bank staff ruined my credit rating. Tony Hetherington // Mail on Sunday;11/ 3/2013, p94 

    J. S. writes: Reviewing my credit agency file, I noticed that when I had an overdraft which I was reducing, Lloyds TSB recorded this as an 'Arrangement to Pay'. According to the credit agencies this description applies to serious arrears with a significant impact on creditworthiness, indicating...

  • Informed and Uninformed Investment in Housing: The Downside of Diversification. Loutskina, Elena; Strahan, Philip E. // Review of Financial Studies;May2011, Vol. 24 Issue 5, p1447 

    Mortgage lenders that concentrate in a few markets invest more in information collection than diversified lenders. Concentrated lenders focus on the information-intensive jumbo market and on high-risk borrowers. They are better positioned to price risks and, thus, ration credit less. Adverse...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics