Obtaining Credit In A Bad Economy

AAA

Businesses and markets go in cycles. In tough economic times, people lose their jobs, spending decreases and businesses start slowing down. All of a sudden, banks find it a little more risky to lend, and those who want a loan find it harder to get approved. Fortunately, banks don't stop lending altogether, and there are some

steps potential borrowers can take to increase the chances of getting a loan. There is one disclaimer: most of the banks' interests are aligned with yours. If a bank think it's too risky to provide you with a loan, then it is probably not a good idea for you to get one. With that out of the way let's get into it.



comments powered by Disqus
Related Articles
  1. 7 Ways To Save Money On Business Travel
    Savings

    7 Ways To Save Money On Business Travel

  2. 10 Steps For First-Time Home Buyers
    Home & Auto

    10 Steps For First-Time Home Buyers

  3. Credit Cards With Travel Insurance
    Insurance

    Credit Cards With Travel Insurance

  4. 3 Money Moves To Make Before A Career Change
    Credit & Loans

    3 Money Moves To Make Before A Career Change

  5. 8 Common Refinance Mistakes
    Home & Auto

    8 Common Refinance Mistakes

  6. Is Cash or Credit Better for European Trips?
    Credit & Loans

    Is Cash or Credit Better for European Trips?

  7. Asset Liquidation Agreement (ALA)
    Term

    Asset Liquidation Agreement (ALA)

Trading Center