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Red Flags and Black MarksGenerally, people are pretty good about paying their bills on time and managing their credit. According to the Internet Web site www.myfico.com:
These promising numbers are balanced by other, more broadly-defined, analyses that suggest higher levels of consumer debt will eventually lead to higher delinquency and default numbers. Through the 2000s, there has been steady unease among economists about these higher debt levels making credit problems a big issue. So, in this chapter, we’ll consider the warning signs that lenders look for and what happens when people get behind in their credit debt. Next: The Basic Trouble Signs |
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