Credit card usage in Japan » 世論 What Japan Thinks
If you want to know more on credit card usage in Japan, this article may give you the answer. It was based on survey of more than 16,000 people. Surprisingly, the usage of credit card in Japan is still low. There are 15% of people who do not have credit cards. Since it is Japan, obviously JCB card is the preferred choice. You can get more information by clicking the above title link.
Sunday, June 29, 2008
Saturday, June 28, 2008
Credit scores hit by card limits - Yahoo! News
Credit scores hit by card limits - Yahoo! News
Card companies are reducing borrowing limits for tens of thousands of consumers, which then can lead to lower credit scores. Those facing this predicament might not even know it until they apply for a loan or another credit card, and then get denied because their credit score has dropped.
Banks and other card lenders are trying to better protect themselves from more massive losses like those they've seen from subprime mortgages.
According to the Comptroller of the Currency, one of the government agencies that regulate U.S. banks, companies must notify cardholders at least 15 days in advance before making changes in the terms of their account, such as lowering the credit limit. But they don't have to explain how that could change an individual's credit score.
Card companies are reducing borrowing limits for tens of thousands of consumers, which then can lead to lower credit scores. Those facing this predicament might not even know it until they apply for a loan or another credit card, and then get denied because their credit score has dropped.
Banks and other card lenders are trying to better protect themselves from more massive losses like those they've seen from subprime mortgages.
According to the Comptroller of the Currency, one of the government agencies that regulate U.S. banks, companies must notify cardholders at least 15 days in advance before making changes in the terms of their account, such as lowering the credit limit. But they don't have to explain how that could change an individual's credit score.
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