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
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
News
Credit Unions, Retail Groups Finger-Pointing On Payment Security
Merchant Innovation
Q3 Results Highlight Groupon’s Growing Pains
International
Alibaba Protects Its 11/11 “Singles Day” Turf
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
Apple Pay Tracker
USA Today Compares MCX To The Three Stooges. Unfavorably
Apple Pay Tracker
Apple Pay Faceoff
International
Korean Tech Companies Shifting B2C Focus to B2B Market
Mobile Commerce
MasterCard CEO: MasterPass Starts Where Apple Pay Stops
View All Articles ››