Our December 2019 standpoint, titled “Credit Card Lenders: Hone techniques and don’t allow Fintechs Scare You, ” discussed how charge card issuers must not worry installment loan providers who make an effort to move charge card balances into consolidation loans and get point of purchase funding into term loans.

The premise had been easy: alternate loan providers have yet to see a financial change, unlike bank 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). 继续阅读 →