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![]() Credit Secrets Many people have been relying on credit just to make ends meet. Lenders have perpetuated this reliance by providing very quick and easy access to loans and other types of credit. But all this may change soon, and the changes may be quick too! This is because there is a real risk of a house price correction which is the bedrock of safety for lenders. If house prices do falter, then lenders will likely reduce their exposure to the consumer loans market. This may in turn lead to those who have relied on borrowing to stay afloat to default or have difficulties going forward. With higher default rates and lower property prices, lenders will see higher risk. To have the best chance of being approved for credit you should act quickly read more... |
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