Word: creditation
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...Because the formula for determining credit scores, which banks use to decide whether to give you a mortgage or any other loan, looks at something called your "utilization ratio," the total amount of credit you use vs. the amount you have available. If you have $25,000 worth of available credit and you put $5,000 on your cards every month, your utilization ratio is a healthy, hey-I'm-living-within-my-means 20%. But cut down that credit line to $10,000 and suddenly your ratio jumps to 50%, making you look pretty overextended...
...would lenders target the good customers? Mainly because banks can't afford to take a lot of risk anymore. If you have, say, $30,000 in unused credit sitting around, there's always the chance you'll start tapping into it in the event of a job loss or other financial crisis...
Adam Levin, co-founder of consumer-information website Credit.com predicts credit-line cutbacks will accelerate as card companies try to shore up their finances before the new regulations take effect early next year. "Credit-card companies are on a reign of terror," he says. "The new rules aren't going to change that anytime soon." Adds McBride: "Consumers will have to brace themselves for higher fees, higher rates and lower lines going forward." And that applies to those with good credit scores as well...
...convinced that skilled monetary management at the Federal Reserve and the rise of new, professionally run investment trusts had reduced the riskiness of markets, he lulled himself into believing that the prices prevailing on Wall Street were a reflection of economic reality and not of investor mania or a credit bubble...
...complain--which we gleefully exercise when lowly Cabinet members and famous TV personalities send us off to the real world, or when the College Events Board decimates our quality of life by failing to magically turn its paltry funds into Lil' Wayne--we're also willing to give credit where credit is due. So far, the Athletic Department has resisted the urge to get rid of varsity programs like its counterpart over...