AlexLee.eu » Money http://www.alexlee.eu A personal blog by Alex Lee Mon, 30 Aug 2010 21:59:00 +0000 en hourly 1 http://wordpress.org/?v=3.0 Banking on credit http://www.alexlee.eu/2008/02/04/banking-on-credit/ http://www.alexlee.eu/2008/02/04/banking-on-credit/#comments Mon, 04 Feb 2008 20:15:17 +0000 Alex Lee http://www.alexlee.eu/2008/02/04/banking-on-credit/ Once upon a time credit was something that people turned their nose up at. People bought what they could afford and saved for what they coudn’t.

Today we seem to have gone the other way, we are constantly seeing news articles about people living beyond their means and getting into trouble over debt and several TV careers have been created on the back of other peoples troubles.

So why is it then that over the last couple of days the papers have been filled with people complaining about having their credit taken away from them?

Whether you are rich or poor, a good borrower or bad, it is the lenders money and up to them to decide who to lend to. It isn’t as some seem to think a birth right, but a luxury.

If people stopped living beyond their means and started living within them maybe the world would be a better place.

]]> http://www.alexlee.eu/2008/02/04/banking-on-credit/feed/ 0