Research Paper on:
Economical Concerns and the Credit Industry

Unformatted Sample Text from the Research Paper:
every other industry of the US economy has been affected by changes in buying habits, changes in manufacturing, the immense growth of e-commerce and the trend toward globalization. There  is no reason to believe that those changes would not affect the credit industry as well, and now it appears that they are combining to bring about some structural, fundamental  changes in the operation and focus of the American credit card industry. Environmental Factors US saturation. There are segments of the US  population that do not have and cannot gain access to credit, resulting either from unfortunate circumstances or poor choices of the past; or because they occupy that low-income level of  the population that lives on a cash-only basis. Most of the population uses credit cards, however, and it is unusual for a credit card holder to have only one  such credit account. Current economic conditions are such that increasing numbers of credit users are becoming delinquent in their accounts. Unemployment is  increasing and real wages have been declining for some time. The credit industrys current situation can be seen as worsening in the US in the short term.  Globalization and growth in other markets. Nearly every other industry has looked outward to the growing prosperity of many of the worlds developing and  newly-mature economies. These other markets contain literally hundreds of millions of potential new customers that can boost credit companies revenues if the companies can only gain access to them  (Chudasri, 2002). E-commerce growth. The sales possibilities that the Internet offers finally has started to live up to expectations placed on the