Different organizations all over the world are going through a lot changes and some of these organizations are banks. Due to the frequent changes in the economy the banks have to be very careful with the way they operate. People get their finances from the banks and if the banks run of money then everyone in the world will run out of money. Now the banks have to entertain their customers in everyway but they don’t entertain customers that don’t have an acceptable credit record.
When the economy too ka turn for the worst due to the recession a lot of people ended up bankrupt and with bad credit records. If you have a bad credit record for whatever reason the banks will start looking at you as a very high risk because they cannot be sure...