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Bank insider: overdrafts up, cash out, auto loans late...; entered at 2007-12-02 11:07:23

Digitalcolony
Posts: 502
Registered: 2007-07-09 Seattle

Quote:

CREDIT BALANCE TO CREDIT LIMIT HAS INCREASED 28% IN THE LAST 30 DAY CYCLE. (I.E. 10,000 CREDIT LIMIT ON. BALANCE FROM $4,788 to $6,128)

If Nov and Dec keep this pace, avg bank consumer will hit the end of their credit limit by Jan 1.

Could this be holiday spending put on credit cards? Doesn't the average consumer increase CC debt this time of year?

2007-12-02 11:07:23