Money Smarts: Credit scores and credit
Money Smarts: Credit scores and credit
Historically, when it comes to obtaining credit, the pendulum always swings back and forth between easy and difficult. When flush with cheap money and an expanding economy, banks will make more loans (mortgages, credit cards, car purchases, home equity, etc.) even lowering credit standards to do so. We have just emerged from almost a decade long period in which credit was easy; indeed too easy …
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