Buggsy
11 Aug 2012
News / Poland's Economy Is Booming! The EU's Success Story? [711]
I am here as well and that sounds logical coz after the subprime mortgage crisis they all moved
into other areas of making a quick buck: risky investment vehicles and short term loans.
I know from 2008 it became almost impossible for an ordinary man to get a mortgage because it's about the only area they have tightened very well in the banking industry.
The other areas are not so tightly monitored or regulated.
Anything below 50k is considered a small loan by most of the Banks here.
Just check the flyers for quick loans in your letterbox or handed out in town and ask yourself who's behind most of them.
Banks don't hand out mortgages here so easily, so they make their money on smaller loans.
I am here as well and that sounds logical coz after the subprime mortgage crisis they all moved
into other areas of making a quick buck: risky investment vehicles and short term loans.
I know from 2008 it became almost impossible for an ordinary man to get a mortgage because it's about the only area they have tightened very well in the banking industry.
The other areas are not so tightly monitored or regulated.
Anything below 50k is considered a small loan by most of the Banks here.
Just check the flyers for quick loans in your letterbox or handed out in town and ask yourself who's behind most of them.