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- The shortage in credit all around has made it very clear how important a credit score is these days, I never realised how important credit was until a witnessed a friend with a small burgeoning business. He had been in business for 2 years and had revenue, though not enough to sustain himself, so he relied on loans from the bank, once the credit crisis hit, the banks cut back and he was one of those deemed not important enough, so he couldn’t get credit anymore for the business. In the end he had to scale back, get a bad credit loan as well as money from friends just to stay afloat. Now his main priority is to become financially self dependent. As an individual I haven’t needed credit for some time so I thought others were in a similar situation. loans for bad credit accept people with low credit but have a high interest rate, I hope he will be able to pay it off soon.
- Full name
- Stan Goodman
