# Prof. Lawrence White on the increased availability of credit for consumers and decrease in payment delinquencies

1 Faculty News August 26, 2014 ![Marketplace Logo](/sites/default/files/styles/246w/public/assets/images/marketplace_logo.jpg?itok=IIav3Udj)>

Excerpt from [Marketplace](http://www.marketplace.org/topics/economy/credit-card-delinquency-rate-7-year-low) -- "[Lawrence J. White](http://www.stern.nyu.edu/faculty/bio/lawrence-white) teaches economics at the NYU Stern School of Business. He says it makes sense for banks to loosen up credit right now for the less-than-perfect consumer: 'Because the economy is better, he or she is more likely to stay employed and be in a position where he or she can repay.' And White says consumers have learned not to live beyond their means; they don’t want to slide back to where they were during the Great Recession, and are using credit more wisely."

[Read more](http://www.marketplace.org/topics/economy/credit-card-delinquency-rate-7-year-low)