Meet the new borrowers

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.

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Year of publication:	1999
Authors:	Black, Sandra E. ; Morgan, Donald P.
Published in:	Current Issues in Economics and Finance. - Federal Reserve Bank of New York. - Vol. 5.1999, Feb, 3
Publisher:	Federal Reserve Bank of New York
Subject:	Credit cards \| Risk \| Bank loans

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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