Credit-Card Lenders Pursue Riskier Borrowers

The Wall Street Journal- June 27, 2014

Lenders are courting risky credit-card borrowers more aggressively than they have since the financial crisis in a bid to jolt revenue in a period of sluggish growth and tight regulation…The average rate for such customers was 21.1% in the first quarter, up from 20.2% a year earlier, according to research firm CardHub.com. In contrast, the highest-quality borrowers paid 12.9% on average in the first quarter, virtually unchanged from a year.

Lending at 20% or more,
Banks come knocking at your door.

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