The New York Times is reporting that consumer credit appears to be loosening up again. This has always surprised me–how willing banks were to lend to folks right out of bankruptcy. But this is another example of that largesse. If banks are doing this, the consumer should be asking, “why?” I can guarantee you they are not doing it out of the kindness of their hearts. And that means they think there is significant profit to be made off consumers with damaged credit. So, if you find yourself with damaged credit, be very careful about accepting one of those “generous” credit card offers. Often the interest rates and fees are very high.