Bankruptcy credit card review

Has widespread use of credit cards contributed to the increase in personal bankruptcy?: An article from: Regional Review - Federal Reserve Bank of Boston [HTML] (Digital)
by Joanna Stavins

Book Description
Credit card delinquencies and personal bankruptcy rates increased during the mid 1990s, despite the strength of the US economy. At a time when per capita income was rising, household borrowing grew at an even faster pace. Some blame credit card default rates on lenders, arguing that lenient standards have allowed customers to borrow more than they can repay; Others blame borrowers for spending beyond their means.

This digital document is an article from Regional Review - Federal Reserve Bank of Boston, most recently published by Federal Reserve Bank of Boston on March 31, 2001. The length of the article is 1858 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Has widespread use of credit cards contributed to the increase in personal bankruptcy?
Author: Joanna Stavins
Publication: Regional Review - Federal Reserve Bank of Boston (Feature)
Date: March 31, 2001
Publisher: Federal Reserve Bank of Boston
Volume: 10/11 Issue: 4/1 Page: 4-7

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Book content keywords : Bankruptcy credit card, Credit cards, Review, Personal Bankruptcy