tailieunhanh - CONSUMER DEBT: ARE CREDIT CARDS BANKRUPTING AMERICANS? Serial No. 111–9

The increased speed at which underwriting decisions can be made has created pressure to complete credit applications more quickly. Some contend that the combination of this increased pace and the increased ability to customize the price charged based on credit allows lenders to approve a larger share of consumers for loans, but not necessarily at the best rates for which they qualify. While many consumers can feel overwhelmed by large credit based transactions, such as mortgage closings, consumers who do not have a solid understanding of credit scores, or who do not objectively know their creditworthiness, are even. | CONSUMER DEBT ARE CREDIT CARDS BANKRUPTING AMERICANS HEARING BEFORE THE SUBCOMMITTEE ON COMMERCIAL AND ADMINISTRATIVE LAW OF THE COMMITTEE ON THE JUDICIARY HOUSE OF REPRESENTATIVES ONE HUNDRED ELEVENTH CONGRESS FIRST SESSION APRIL 2 2009 Serial No. 111-9 Printed for the use of the Committee on the Judiciary Available via the World Wide Web http . GOVERNMENT PRINTING OFFICE 48-440 PDF WASHINGTON 2009 For sale by the Superintendent of Documents . Government Printing Office Internet Phone toll free 866 512-1800 DC area 202 512-1800 Fax 202 512-2250 Mail Stop SSOP Washington DC 20402-0001 COMMITTEE ON THE JUDICIARY JOHN CONYERS Jr. Michigan Chairman HOWARD L. BERMAN California RICK BOUCHER Virginia JERROLD NADLER New York ROBERT C. BOBBY SCOTT Virginia MELVIN L. watt North Carolina ZOE LOFGREN California SHEILA JACKSON LEE Texas MAXINE WATERS California WILLIAM D. DElAhUNT Massachusetts ROBERT WEXLER Florida STEVE COHEN Tennessee HENRY C. HANK JOHNSON Jr. Georgia PEDRO PIERLUISI Puerto Rico LUIS V. GUTIERrEz Illinois BRAD SHERMAN California TAMMY BALDWIN Wisconsin CHARLES a. GOnZaLEZ Texas ANTHONY D. WEINER New York ADAM B. SCHIFF California LINDA T. SANChEz California DEBBIE WASSERmAn SCHULTZ Florida DANIEL MAFFEI New York Vacant LAMAR SMITH Texas F. JAMES SEnSeNBRENNER Jr. Wisconsin HOWARD COBLE North Carolina ELTON GALLEGLY California BOB GOODLATTE Virginia DANIEL E. LUNgReN California DARRELL E. ISSA California J. randy FORBeS Virginia STEVE KING Iowa TRENT FRANKS Arizona LOUIE GOHMERT Texas JIM JORDAN Ohio TED POE Texas JASON CHAFFETZ Utah TOM ROONEY Florida GREGG HARpEr Mississippi Perry Apelbaum Majority Staff Director and Chief Counsel Sean McLaughlin Minority Chief of Staff and General Counsel Subcommittee on Commercial and Administrative Law STEVE COHEN Tennessee Chairman WILLIAM D. DELAHUNT Massachusetts MELVIN L. watt North Carolina BRAD SHERMAN California DANIEL MAFFEI New York ZOE LOFGREN California HENRY C. .