hegemony Posted January 23, 2020 Share Posted January 23, 2020 Banks Are Handing Out Beefed-Up Credit Lines No One Asked For PotO and althes 2 Quote Link to post Share on other sites
centex Posted January 23, 2020 Share Posted January 23, 2020 Does the victim mentality NEVER end? Nobody is forcing these numbnuts to spend. Only an idiot would complain about having more available credit... direct and PotO 2 Quote Link to post Share on other sites
hegemony Posted January 23, 2020 Author Share Posted January 23, 2020 26 minutes ago, centex said: Does the victim mentality NEVER end? Nobody is forcing these numbnuts to spend. Only an idiot would complain about having more available credit... but you put the sammich right in front of me!!!!!! TheVig, centex and PotO 3 Quote Link to post Share on other sites
generallissimo Posted January 23, 2020 Share Posted January 23, 2020 2 hours ago, hegemony said: but you put the sammich right in front of me!!!!!! Now I'm hungry... PotO, centex and hegemony 3 Quote Link to post Share on other sites
PotO Posted January 24, 2020 Share Posted January 24, 2020 (edited) 10 hours ago, hegemony said: but you put the sammich right in front of me!!!!!! Go make me a sammich, Hoegemony. 🤣 Edited January 24, 2020 by PotO TerryDMillerMBA and hegemony 2 Quote Link to post Share on other sites
cv91915 Posted January 24, 2020 Share Posted January 24, 2020 hdporter and TerryDMillerMBA 2 Quote Link to post Share on other sites
hdporter Posted January 24, 2020 Share Posted January 24, 2020 I'm inclined to ask, "Where's the beef?" (someone want to insert an appropriate meme?) Bloomberg articles tend to be pretty much "on the nose". But this one is determined to weave a fictional tale of consumer victimization around a weak factual core. Quote Link to post Share on other sites
shifter Posted January 24, 2020 Share Posted January 24, 2020 3 hours ago, cv91915 said: And that 31k gets you about what 26k got you in 2010. Probably less. hegemony 1 Quote Link to post Share on other sites
hegemony Posted January 24, 2020 Author Share Posted January 24, 2020 31 minutes ago, shifter said: And that 31k gets you about what 26k got you in 2010. Probably less. definitely. real versus nominal all the way down. Quote Link to post Share on other sites
cashnocredit Posted January 24, 2020 Share Posted January 24, 2020 Interesting that most of the unrequested CLIs are aimed at the subprime customer base. But it makes sense. Those are the folks carrying balances and are where the bulk of CC income comes from. While the default rate has gone up a bit since the low 7 years or so back it's still quite low historically. So the banks are looking for the sweet spot where peeps are carrying 30 to 50% of their CL. Pretty typical bank behavior in later stage boom cycles. cv91915 1 Quote Link to post Share on other sites
hdporter Posted January 24, 2020 Share Posted January 24, 2020 2 hours ago, cashnocredit said: Pretty typical bank behavior in later stage boom cycles. Oh!! ... they did this before??! I'm gonna write an expose on this one ... 😜 Quote Link to post Share on other sites
aroberson Posted January 24, 2020 Share Posted January 24, 2020 54 minutes ago, hdporter said: Oh!! ... they did this before??! I'm gonna write an expose on this one ... 😜 lol! BTW what happened to self control? Am I the only millenial chasing 100k in available credit? To be fair I did make my mistakes and generate $30k in CC debt, but I am now using a budget and keeping spending in control hegemony, TheVig, cv91915 and 1 other 4 Quote Link to post Share on other sites
nemo Posted January 24, 2020 Share Posted January 24, 2020 I have a hard time identifying with the folks who say that a CLI is a temptation. When I was subprime, it was simply because of a monumentally unwise business decision on my part: I used credit cards as a shock absorber for fluctuating business income. When I got a CLI, I viewed it as having more insurance. With that attitude, I would have gotten into trouble with or without a CLI. There was no way a bank could know what was going on inside my head, and it wasn't their responsibility to do that anyway. cv91915 and PotO 2 Quote Link to post Share on other sites
NorCalR1 Posted January 31, 2020 Share Posted January 31, 2020 Sad commentary. However, the banks know exactly what they are doing and do not underestimate them. Consumers on the other hand, are not so smart, and that lack of discipline will cost them dearly, and in the end are the real loser. Quote Link to post Share on other sites
hegemony Posted January 31, 2020 Author Share Posted January 31, 2020 I want to victimized!!!!! w00t and PotO 2 Quote Link to post Share on other sites
w00t Posted January 31, 2020 Share Posted January 31, 2020 2 hours ago, hegemony said: I want to victimized!!!!! As my grandmother would say, "HURT ME BABY! Make me write BAD CHECKS! 🤑" hegemony and PotO 2 Quote Link to post Share on other sites
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.