Meet the new borrowers
Donald Morgan () and
Sandra Black ()
Current Issues in Economics and Finance, 1999, issue feb
Credit card lenders have been writing off loans at sharply higher rates since 1995, suggesting that riskier borrowers are acquiring credit cards. What makes the new borrowers riskier--even more than their personal characteristics and attitudes toward debt--is the fact that they carry higher debt burdens and work in occupations where income may be more cyclical.
Keywords: Bank loans; Credit cards; Risk (search for similar items in EconPapers)
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