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News Link • Economy - Economics USA

"My Credit Score Is Terrible...I'm Surprised They'd Give Me So Much [Credit]"

•, Tyler Durden
 How great is that? What could go wrong? One credit union exec notes, "lenders in general have really saturated the higher-credit-quality market, so it is only natural that as they look for growth opportunities, they expand downward," and sure enough, as one new borrower exclaimed, "my credit score is probably terrible," adding "I was surprised they'd give so much." Exceptional America is back...

 Sure enough Americans are slamming themselves into deeper and deeper debt - at lower and lower levels of credit quality - to attempt to maintain their exuberant iPad-eating lifestyles. As WSJ reports, Credit-card lenders are courting riskier borrowers more aggressively than they have since the financial crisis in a bid to jolt revenue in a period of sluggish growth and tight regulation.

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