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Old 11-09-2007, 06:30 PM
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Post Higher loan rates inevitable

Almost 50% of those applying for loans have been rejected - up from a third just 6 months ago. In addition, lenders have tripled their rates for high risk customers. Several loan providers have indicated that they are to pull out of the unsecured loan markets as the scarcity of credit continues following the summerís sub-prime [...]

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Old 06-01-2009, 09:37 PM
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Default Re: Higher loan rates inevitable

No wonder, if banks don't have money to lend (they don't even lend to each other) why would they lend anybody else but people who will definitely repay
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