The coalition Government has introduced a new scheme aimed at borrowers with a poor credit history or those on a low income. My Home Finance has been set up by the Government and the National Housing Federation (NHF), with 10 branches opening across the West Midlands by the end of next month. If successful, the [...]

More: My Home Finance launched for those unable to secure a loan

there should be a sollution for borrowers on a limited income,
however those with a history of overspending on credit should not be granted loans.
it's a bit like granting unlimited whisky to alcoholics.