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Why banks aren’t lending

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Regular Contributor

Why banks aren’t lending

The article includes details about how banks are approaching rating creditworthiness during the crisis. I don't have an alternate source.


The link below should work for a while. The WSJ often also allows free access through a link from Google News. The article's title, when I read it, was: "Widespread deferrals mean banks can't tell who's creditworthy."

 

https://www.wsj.com/articles/flying-blind-into-a-credit-storm-widespread-deferrals-mean-banks-cant-t...

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Frequent Contributor

Re: Why banks aren’t lending

This is same story free read. Very interesting!!

 

https://www.newsbreak.com/news/0PSxZFWR/flying-blind-into-a-credit-storm-widespread-deferrals-mean-b...

FICO 5.2020
TU - 785
EX - 771
EQ - 779


Message 2 of 5
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Regular Contributor

Re: Why banks aren’t lending

Thanks. Yes, that is the same story. Fascinating tidbits

Message 3 of 5
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Mega Contributor

Re: Why banks aren’t lending

 

@Throckmorton& @snickerpedia  .. Thanks for a really good readSmiley Happy

 

"Coronavirus has "thrown existing models off," TransUnion's Mr. Miller said."

"It's true hard work never killed anybody, but I figure, why take the chance?"
Message 4 of 5
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Senior Contributor

Re: Why banks aren’t lending

I can see how that might throw a slight curve ball. I guess they can't exaclty note on the account that it's in deferment, as it would likely cause a score drop. 






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