Huffpost Business

Smaller Cities Avoid Consumer Lending Crunch

Posted: Updated:

Consumer-lending activity has increased in numerous midsize cities in the U.S., a sign they are riding out the recession better than big cities and rural towns, an analysis of credit data shows.

As banks pull back on risk taking across the nation, consumer-loan balances in places like Huntsville, Ala., are rising. In Huntsville, a metropolitan area of 376,000 that is home to many government contractors, borrowing increased 13.2% per household in last year's fourth quarter, compared with the year-earlier period, according to data provided to The Wall Street Journal by Moody's and Equifax Inc.

Read the whole story at Wall Street Journal

Around the Web

Best Places to Live 2008 - from Money Magazine

Top 20 Small Cities - Job Growth - Small Business ...

Milken Institute - Best Cities Index 2005