Subprime credit card growth accelerating. Scary numbers.
Today, TransUnion released credit card industry origination data for the last three months of 2014, and the results are startling. In a country that is already heavily saturated with plastic, 14.41 million new cards were opened in Q4 2014, an increase of 7.1% from Q4 2013. Sub-prime customers (defined by TransUnion as customers [...]
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