Have you been frustrated over the last few years with an inability to get credit? A recent survey by the Federal Reserve of New York suggests that while credit may be loosening, your frustration may continue.
Three times a year since October 2013, the New York Fed's SCE Credit Access Survey assesses the state of credit from the consumer perspective – chronicling consumer experiences in applying for credit, and how those experiences match up with expectations. The June 2017 survey shows greater optimism in applying for credit, but a lower rate of success in receiving that credit. Expectations are relatively high, but perhaps they are higher than they should be.
On the positive side, the share of survey respondents who needed credit, but were too discouraged to apply for it, fell to 5.1% — the lowest number since the survey began. That represents a two-percentage-point drop from the previous survey, presumably indicating optimism that credit is loosening (although...
from MoneyTips https://www.moneytips.com/discouraged-credit-seekers-at-record-low/280
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