Survey: Consumer Borrowing Will Rise in Next Six Months

What's Next In Payments®
4:29 PM EDT January 15th, 2013

American Banker reports that after spending the last few years paying down debts, consumers appear ready to increase their borrowing again, lenders say. In a survey of risk managers taken in the fourth quarter and released last week, 61 percent of respondents said they expect requests for home, car and other consumer loans to rise over the next six months. In the same survey taken three months earlier, just 48 percent of risk managers said that loan requests would increase in the subsequent months.

Read the full story.

Comments
Also by This Author
What's Hot
Merchant Innovation
BOA’s Mobile App Use Soars – Why?
Merchant Innovation
New App Lets Shoppers Haggle With Merchants
Apple Pay Tracker
Google’s Payments and Retail Focus
Apple Pay Tracker
Capital One CEO: Apple Pay Tokens “A Game-Changer”
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
100 Innovations
Credit Card
100 Innovations
mPOS
100 Innovations
Prepaid
100 Innovations
Check
View All Articles ››