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Credit Card Services Mock Interview

Question 19 of 30 for our Credit Card Services Mock Interview

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Question 19 of 30

What do you know about credit card services, and how market conditions impact our business?

"From what I have learned in my years of working in credit card services, the credit market becomes stronger when market conditions are weaker. Higher unemployment rates and lower income often mean a rise in credit card balances, more borrowers, higher interest rates, and more accounts in arrears. Today, more people than ever have credit cards. In the USA alone, nearly 200 million people have credit card balances. Recently we have seen an increase in subprime borrowers, those with credit scores from 580 to 669. This number is a 4%+ increase from last year."

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How to Answer: What do you know about credit card services, and how market conditions impact our business?

Advice and answer examples written specifically for a Credit Card Services job interview.

  • 19. What do you know about credit card services, and how market conditions impact our business?

      How to Answer

      If you are already familiar with the credit card services industry, the interviewer will be expecting a response that reflects your work experience and insight. Discuss recent market conditions and how you have seen conditions impact the credit card services business. If you are new to the financial services industry, you will be giving more of an educated guess.

      1st Answer Example

      "From what I have learned in my years of working in credit card services, the credit market becomes stronger when market conditions are weaker. Higher unemployment rates and lower income often mean a rise in credit card balances, more borrowers, higher interest rates, and more accounts in arrears. Today, more people than ever have credit cards. In the USA alone, nearly 200 million people have credit card balances. Recently we have seen an increase in subprime borrowers, those with credit scores from 580 to 669. This number is a 4%+ increase from last year."

      2nd Answer Example

      "I have been reading more about the credit card services industry since applying to this position. What I have learned is that the credit market continues gaining strength. Consumer balances have continued to increase, and delinquency rates have remained constant."

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