Tag Archive | “increasingly tight credit standards”

Banks Kept Credit card Interest Rates Unchanged

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This week credit card issuers took a break from raising interest rates, as experts began to see signs that consumers’ access to credit may be starting to ease.


Banks left annual percentage rates unchanged

Giving a welcome break to cardholders, banks left annual percentage rates on new credit card offers unchanged at 12.71%. Consumers have to face costly borrowing terms, as due to the increased regulation banks struggle to protect their profits, as well as cardholder delinquencies have been encouraged by the economic downturn.

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