You write that, “…. Consumers are consciously refraining from adding to credit lines, applying for fewer cards, and in more extreme circumstances, even paying down existing debt…”
What’s your concern with paying down debt? And what causes you alarm about refraining from adding to credit lines? I’d have thought those were good things.
You write that, “…. Consumers are consciously refraining from adding to credit lines, applying for fewer cards, and in more extreme circumstances, even paying down existing debt…”
What’s your concern with paying down debt? And what causes you alarm about refraining from adding to credit lines? I’d have thought those were good things.