Credit Card Dept

Following the success of my last post on credit cards i've decided to make another post on credit cards. This one is particually on credit card dept. The graph below shows the average credit card dept to age.

As you can see the average credit card dept increase with age. It increases steadily from just under £8000 to just under £27000. This increasing level of dept could be due to the amount of people with a credit cards. Credit card companies are becoming more known for trapping people into getting into large amounts of dept. They don't tell their customers how much dept they are allowed to go in and often don't give people a chance to escape from dept before charging them extreme amounts of interest. The legality of this can be questoined, but I think the most important thing is to avoid overdrawing. I hope you liked this graph on credit card dept and all make sure you know what your bank is charging you.
Thank you for reading and please feel free to express your own views.

Inter Bank Lending

This post will look at lending between banks. Interbank Lending has seen some dramatic changes due to the financial colapse. The graph I found gives a very nice timeline with comments.

You can see the steady rise as confidence is growing in the US markets. With only the odd annomaly, 9/11 and in 05/06, it rises from $200,000 million to $500,000 million in 8 years. Then, due to the Lehman bankrupcy credit stopped flowing. This is one of the reason the economy has suffered to much. Low levels of interbank lending has stopped the US coping with it's dept as well as it could have done. Even with the federal reserves payments, it was unable to stop the financial crisis worsening.
Thank you for reading and please feel free to express your own views.