Quote:
Originally Posted by pylon
The amount of credit card and LOC debt I am seeing right now on credit applications is terrifying. I have seen numerous applications where people are in 6 figure CC debt. And approvals are becoming extremely difficult on a lot of deals. It's pretty bleak when you see the financial situations some people are in.
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How many of these loans are you approving? You (not you specifically but you in general) are part of the problem if you see these CC debts and still approve them.