Knowing the Credit and Lending Cycles

Have you ever noticed that credit and lending run in certain cycles? Take spring for example. As the weather warms, thoughts of cabin-fevered individuals turn to new and used automobiles, home improvement and house construction. As summer heats up, vacation loans and paying off credit card balances allow travelers to enjoy a reviving trip to somewhere nice. College expenses begin to materialize mid-summer. As we slip into fall, auto dealers start looking at discounted deals for buyers to clear their inventory before the next year’s shiny models arrive. Late fall becomes a rush to cover Holiday expenses without “breaking the bank.”

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