@FireMedic1 wrote:
@M_Smart007 wrote:
@FireMedic1 wrote:With the way times are right now. Higher prime rate and so on. You can blame that possibly. I believe @M_Smart007 posted a CC debt on the rise graph. Or somebody else. All the banks will get stingier as time goes on I believe.
@FireMedic1, Good Memory!
https://wallethub.com/edu/cc/credit-card-debt-study/24400
@M_Smart007 So no dementia. Yet.
@FireMedic1, The first sign is denial
Congrats on your Capital One Walmart Rewards approval
@FireMedic1 wrote:With the way times are right now. Higher prime rate and so on. You can blame that possibly. I believe @M_Smart007 posted a CC debt on the rise graph. Or somebody else. All the banks will get stingier as time goes on I believe. Congrats though!!!!!!!!!!
3 in year....now 4.....maybe calls for a hmmmmmmmmmm
Edit: Ha! Posted 1 minute after @SouthJamaica . Must have been typing at the same time.
This Cap One WM MC is the 3rd in 12 months, heck 18 months, the 2nd this 2022 calendar year.
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@M_Smart007 wrote:
@FireMedic1 wrote:With the way times are right now. Higher prime rate and so on. You can blame that possibly. I believe @M_Smart007 posted a CC debt on the rise graph. Or somebody else. All the banks will get stingier as time goes on I believe.
@FireMedic1, Good Memory!
https://wallethub.com/edu/cc/credit-card-debt-study/24400
(Click image to enlarge)
When I see these numbers, I always wonder how much of this is PIF vs balance carry. Inflation alone could account for $581 increase in California, so from that perspective it seems illogical for banks to reduce credit simply because this chart shows an increse. It seems like the statistic that would cause banks to reduce credit would be any increase in balance carry accounts ... but I'm not a banker, so what seems logical to me might not be what is logical for banks ...
13Oct22 Exp F8: 812
