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Comments on: Is credit card availability falling? http://www.tvhe.co.nz/2009/02/25/is-credit-card-availability-falling/ The Visible Hand in Economics Sat, 09 Jul 2022 23:28:26 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: bad credit mortgage loans\par http://www.tvhe.co.nz/2009/02/25/is-credit-card-availability-falling/#comment-18441 Wed, 25 Mar 2009 23:08:58 +0000 http://www.tvhe.co.nz/?p=2983#comment-18441 Either you have a big adjustment like a 20 percent or 30 percent decline, or you have a big recession or you have a slow decline in property prices or several years of no growth.\par

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/02/25/is-credit-card-availability-falling/#comment-17818 Thu, 05 Mar 2009 23:02:16 +0000 http://www.tvhe.co.nz/?p=2983#comment-17818 Hi John,

I never like binding constraints – fundamentally I would prefer it if falling debt is the result of peoples choices than being the result of circumstances thrust upon them.

]]> By: John Hunter http://www.tvhe.co.nz/2009/02/25/is-credit-card-availability-falling/#comment-17538 Tue, 03 Mar 2009 02:34:11 +0000 http://www.tvhe.co.nz/?p=2983#comment-17538 From all I have seen the biggest problem has been too much credit availability. Restricting the amount of credit would be a good thing. Now at a point that restriction could be too much (like the whole larger credit crisis), but for credit cards I think we would be better off if the amount of credit used declined. It would be nice if that was from people being smart enough to stop talking out so much debt but if it is from banks not offering so much that will be good too.

]]> By: Matt Nolan http://www.tvhe.co.nz/2009/02/25/is-credit-card-availability-falling/#comment-16376 Wed, 25 Feb 2009 06:37:44 +0000 http://www.tvhe.co.nz/?p=2983#comment-16376 Hi Truth,

I’m not quite sure why a credit crunch means that you should try to pay back debt sooner. Surely, the value of the liquid funds would be higher during such a crunch then they would be otherwise?

In the NZ case I’m pretty sure that the banks are facing a short-fall in demand for borrowing – at least compared to what they have faced. There isn’t really anything wrong with this – but if it is going to be sustained the banking sector needs to be smaller.

]]> By: Truth Seeker http://www.tvhe.co.nz/2009/02/25/is-credit-card-availability-falling/#comment-16335 Wed, 25 Feb 2009 02:37:46 +0000 http://www.tvhe.co.nz/?p=2983#comment-16335 Having seen the crash approaching for several years out, I paid off my credit cards, sold the house and put the money in a safe place 4 months before the big thump. The signs have been there for years and trajectory of the debt-valanche was broadly discernable. The banks really SHOULD have the problem of no one wanting credit.

]]> By: Credit Cards Guide - Is credit card availability falling? | TVHE http://www.tvhe.co.nz/2009/02/25/is-credit-card-availability-falling/#comment-16314 Wed, 25 Feb 2009 00:46:04 +0000 http://www.tvhe.co.nz/?p=2983#comment-16314 […] Continue here: Is credit card availability falling? | TVHE […]

]]> By: Is credit card availability falling? | TVHE | Money Blog : 10 Dollars : Money Articles. http://www.tvhe.co.nz/2009/02/25/is-credit-card-availability-falling/#comment-16300 Tue, 24 Feb 2009 23:39:22 +0000 http://www.tvhe.co.nz/?p=2983#comment-16300 […] View post: Is credit card availability falling? | TVHE […]

]]> By: Is credit card availability falling? | TVHE-Debitcard & Creditcard News http://www.tvhe.co.nz/2009/02/25/is-credit-card-availability-falling/#comment-16299 Tue, 24 Feb 2009 23:36:06 +0000 http://www.tvhe.co.nz/?p=2983#comment-16299 […] See the rest here:  Is credit card availability falling? | TVHE […]

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