Spooked by Mortgage Lenders' Woes, Other Creditors Are Making Changes
Charleston Gazette › September 06, 2007
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Summary
NEW YORK - The stream of credit offers that has filled consumers' mailboxes in recent years may be slowing just a bit.
Although credit card issuers and other companies that lend to consumers have escaped the barrage of defaults that mortgage lenders have suffered, they're nonetheless being more careful about whom they lend to, and under what terms. Some card issuers are raising interest rates, while others are cutting back offers to less creditworthy customers or lowering credit limits. Personal and auto loans are also going through changes.See the full content of this document
Extract
Spooked by Mortgage Lenders' Woes, Other Creditors Are Making Changes
Credit card companies and other lenders are extremely reluctant to reveal the changes they're making for competitive reasons, but Jamie Dimon, the president and chief executive of JPMorgan Cha...
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