Bank cards and Installment Loans: Misery may Like Business, But I Am Going To just take a plastic day that is any

Bank cards and Installment Loans: Misery may Like Business, But I Am Going To just take a plastic day that is any

Our December 2019 standpoint, titled “Credit Card Lenders: Hone techniques and never Let Fintechs Scare You, ” discussed how charge card issuers must not worry installment loan providers who try to move charge card balances into consolidation loans and get point of purchase funding into term loans.

The premise ended up being easy: alternate loan providers have yet to have a shift that is economic unlike charge card issuers, whom adapted their company when you look at the recessions of 1960 (10 months), 1970 (11 months), 1973-1975 (16 months), 1980-1982 (22 months), 1990-1991 (9 months), 2001 ( 8 months), and 2008-2009 (20 months). Continue lendo “Bank cards and Installment Loans: Misery may Like Business, But I Am Going To just take a plastic day that is any”