"If there is a recession in 1990, as we expect, credit problems would continue to rise."

"We won't have to worry about credit problems or money not being there when it's needed to pay claims," he added.

In practice, however, those with minor credit problems often are likely to seek them.

"I don't think that California has seen the end of its credit problems yet," he said.

"I will take a look at the end of the year to see if California's credit problems have improved."

She also said that at least 40 to 50 percent of potential buyers interviewed had serious credit problems.

Because the couple had previous credit problems they did not get the lowest rate available.

I don't anticipate big credit problems, but they will be worse than this year.

He has a history of several speeding violations and credit problems.

American Express said it would add $50 million to provisions to cover credit problems.