Business credit card debt set to rise?
News from Fox Business:

FICO, the company behind the nation’s most popular (no, wait: the nation’s most widely used) credit scoring system, recently commissioned a survey of of 272 risk managers at banks. It’s hard to conceive of a more tedious task than holding a conversation with any “professional risk manager,” let alone one employed in the American banking sector, but someone has to do it. Anyway, the survey’s findings did contain some interesting facts.

Business credit card use likely to rise

When asked whether they expected demand for credit from small businesses to grow in the next six months, 74 percent of respondents said yes. But only 46 percent thought that the supply of credit to those small businesses would increase. That’s quite a shortfall, and bigger than the one FICO found when it posed the same questions to bank risk managers in Europe. (Who’d have thought it? We’ve already discovered a more tedious task than talking to risk managers in American banks.)

So what can…………… continues on Fox Business
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Related News:

Analysis: South Korea’s reckless consumers edge towards debt
News from Reuters:

Thu Aug 25, 2011 10:02am EDT

(Reuters) – If thrift is an Asian virtue, then it is one that South Koreans are notably lacking: each adult has almost five credit cards on average and the household debt burden exceeds that of the United States before the subprime crisis.

With the growing risk of a global double-dip recession hitting exports from Asia’s fourth largest economy, consumer spending has been key to economic growth.

But household borrowing has propped up that spending. With debt far above levels that triggered a cred…………… continues on Reuters
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