Easy Credit Is Over

Banks aren't loaning money like they used to. According to an article ''U.S. consumers will find it much harder to get a credit card, and to carry large balances. Late fees will rise and lines of credit will be reined in. After years of buying homes with interest-only loans, or loans that allowed people to borrow more than the value of the home, substantial payments and downpayments will be required. Interest rates are also likely to rise.''
Credit is going to be a big problem in this country for a while. Banks are declining what are suppose to be approvals on houses and cars!