Banks learned lessons from the recession of the early 1990s: over the past decade, they have developed sophisticated financial tools that allow credit risk to be parcelled out.
The auto insurance industry has long maintained that deadbeats are accident-prone and has pushed state legislatures to allow credit scores to be a bigger factor in setting auto premiums.
Home-equity lines of credit allow borrowers to tap the credit line as needed, and the rate is typically variable.
And that leverage was a disguise for the liquidity we thought would never allow the credit markets to freeze.
The rates of interest are usually quite high but allow access to credit in places where people cannot readily obtain bank loans.
'Its very ironic that the World Bank and other international institutions do not allow any concessional credit for agriculture in developing countries, when at the same time they are allowing subsidies in the North.
The companies will also allow businesses to reject credit cards with higher interchange fees, like Platinum cards, Signature cards, and other rewards cards.
Some rich countries are seeking new rules under the UN climate convention, which campaigners say would allow them to gain credit for "business as usual".
While people free of debt can live their lives with a great deal of freedom, individuals buried under debt will find their options perpetually limited by what their budget, creditors and credit rating allow them to do.
The construction magnate and his powerful board are able to wield influence with banks and allow Real to secure credit on favorable terms which, combined with a lucrative domestic television rights deal, puts them in a stronger financial position.
Among them was a one-year extension of the tax credit, with slight modifications that would allow wind-farm developers to claim the credit for projects that begin construction by Jan. 1, 2014.
Paypal allows users to pay for specific items with a linked credit card, but it will not allow users to fund their Paypal accounts with a credit card.
FORBES: American Express And Visa Squeeze Paypal's Crown Jewels
He noted that "financing and interest rates are very attractive, " and would allow Caterpillar to maintain its credit rating.
Mr Bush is therefore proposing to introduce a tax credit which would allow people to direct their tax payments to charities rather than to the government.
Since then, 43 businesses have given up their consumer credit licences which allow them to operate, and 11 more face action to have their licences taken away.
Put simply, in the absence of such incentives, the risk-averse funding that banks thrive on wouldn't be available to allow banks to create sprawling credit portfolios impossible for regulators or investors in the marketplace to assess.
Amex's problems stem in part from a familiar source: an aggressive move out of its traditional business of charge cards, which must be paid off each month, into riskier credit cards that allow customers to carry a balance.
ECONOMIST: American Express reveals unexpectedly weak results
That news comes just weeks after two major other Facebook commerce announcements: a partnership with eBay that will allow users to fund Facebook credit balances with their PayPal accounts, and a renewed commitment to expanding the program to include new developers.
Former Bush economic adviser Larry Lindsey recently came up with a good idea in the Wall Street Journal to unclog the tightening credit arteries: Allow manufacturers and retailers to open up their own in-house banks or financial institutions that could borrow and lend money.
Mr Speaker, I said that I would look at the administrative practicalities of other options that some Right Honourable and Honourable Members have suggested, including a one-off rebate or compensatory payment as well as changes to the tax credit system to allow the average losses to be offset.
Two of the three major credit-reporting firms, Experian and TransUnion, now allow renters to include on-time rent payments on their credit reports.
They also want to upgrade technology used by credit unions, to allow members to access services online.
Mobile carriers around the world are beginning to allow their customers to purchase Skype credit directly through their plans, including pre-paid users.
It also would allow both parties to simultaneously claim credit for making some progress while continuing to blame the other for preventing more.
These mobile POS devices, which is a modified iPod Touch with a merchandise scanner and credit card slider, allow employees to check out customers from anywhere in the store.
Starting in June, the industry's information-exchange network will allow files to be attached so credit bureaus can send documentation to lenders, says Steve Wagner, president of Experian's North American credit-bureau operations.
The key difference is that Square will allow the customers to pay with credit and debit cards on their phone, while Starbucks's current system only allows consumers to use their Starbucks debit card to pay.
WSJ: Starbucks to Use Square Inc.'s Mobile-Payments Technology
It is also proposing to beef up its existing register of borrowers to allow banks to determine more accurately which credit risks are good and which bad.
As part of that settlement, the credit card companies had to allow merchants the freedom to pass along swipe fees to customers if they choose to do so.
FORBES: New Credit Card Swipe Fee Rules Are Good News For Shoppers
And there's a lot of economists who say, look, if you loosened up credit more for homeowners to allow them to refinance in the long term that would save taxpayers more money than if you were really tight-fisted about things.
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