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Banks need to start lending again
26-01-2009, 09:02 AM
Post: #1
Banks need to start lending again

I keep hearing that the banks need to start lending money again in order to pull us out of recession. However, I'm not convinced.

I know I can get credit but I don't want to borrow money right now. Why? because I know I've got to pay it back! So I can't afford to borrow. I'm sure I can't be the only one who thinks like that.

Haydon

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26-01-2009, 12:35 PM
Post: #2
Banks need to start lending again
well I've just made an appointment with my bank to discuss my mortgage which is up for renewal in May to discuss my options for re-mortgaging my house and borrowing money that way - but like you say H - whatever you borrow has to be paid back and the interest rate wont always be so low - so when push comes to shove I will probably be a lot more conservative in any extra borrowing - if I borrow any extra at all.

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