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
Alternative Financial Services
Zuckerberg: Facebook’s Focus On Ad Revenue, Not Payments
B2B Payments
Is A ‘Nuclear Blast’ About To Hit New York’s Procurement World?
B2B Payments
New Trade Finance Solution Hits Europe
Acquiring
New details on Apple’s mWallet Launch
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
Cool
Smartphone Magnetism: Visa Invests In Loop
Company Spotlight
The MasterPass Master Plan
Alternative Financial Services
Zuckerberg: Facebook’s Focus On Ad Revenue, Not Payments
B2B Payments
Is A ‘Nuclear Blast’ About To Hit New York’s Procurement World?
View All Articles ››