No more credit please

14.04.09 / Technology, enterprise and the world / Author: Kevster

To avert any more disastrous economic developments, large banks and similar lending institutions are now being very, very selective in the approval of new applications. This is a necessary step especially in the United States since people are not showing signs that they would actually be willing to pay cash for the things that they have to buy on a daily basis.

To protect their investments, the banks are simply saying no. People who are having a very bad time in repaying all their debts might wake up one morning and discover that credit is no longer available to them. What do you think?