According to FICO, 46% of bankers expect consumers want more additional credit line increases on their credit cards, with only 8% expecting a drop.
Even worse, 53% expect credit card balances to increase in the next six months, and only 7% expect them to decline.
Apparantly, they expect 30 – 39 year old’s to lead the demand for more credit. Although this is slightly worrisome considering the amount of student debt this age group holds.
Read more here: https://www.cutimes.com/2013/10/11/fico-survey-predicts-rise-in-loan-demand
If you need more credit to pay down other debt, consider taking care of your debt within your monthly income — without taking on additional debt. Why pay debt with debt if you don’t have to, right? Consult with a lawyer who specializes in negotiating for large reductions in your debt.