Tougher Lending Standards
The biggest impact is that what you have seen and what has occurred already is the tightening of credit by institutions, says Michael Gallo. As a result it has made financing a little more difficult to obtain. Even though consumers might have a great credit history, they are dealing with an environment where they are receiving loans on different terms and conditions. ( You might see increased borrowing costs or the need for additional collateral.)
Previous »
- 1
- 2
