The Present Global Economic Crisis is a "Credit Crisis" - Meaning Banks lent without Colateral. Ofcourse everybody knows the Lending business is the Best business because Borrowing is 3 times more addictive than cigarette smoking ! Every Lender knows that a borrower will return to him several times in a life time to borrow money for the Purpose: Car, House, Education, Healthcare, Business.
If that were the only reasons people were taking a loan, its imaginable. But people are taking loans to pay everything from fashion accessaries,holidays, groceries, petrol to water and electricity bills!
I wish I could use this blog space as an advertisement reading something like this:
DON'T REDUCE YOUR LIFE-STYLE, INCREASE YOUR INCOME.
MPR PROJECT.
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