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FICO Survey Predicts Credit Card Balances to Rise

Survey of bank executives finds balance returning to credit offered and credit taken.

By David Morrison | Updated on July 10, 2013

A majority of bank risk executives surveyed by FICO believe consumers have finished paying down debt in the wake of the Great Recession and are ready to borrow again.

The decision management software company known for its credit scoring software reported that 60% of executives surveyed said they expected the amount of credit sought by consumers and the amount offered by lenders to reach equilibrium over the next six months.

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