answersLogoWhite

0


Best Answer

Well, when you borrow money, you get in a lot of debt if you don't pay the bank back. What happens is: because you're in debt, you'll borrow more and more money, which you won't be able to pay back. You'll need some serious help.

User Avatar

Wiki User

βˆ™ 14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the problems of bank lending in the U.S.?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is wachovia bank the leading bank in America in bank lending?

Wachovia bank is a large bank in the United States. However, Wachovia bank is the not the leading bank in America in bank lending. Bank of America is the leading bank in lending.


When President Jackson did not renew the charter for the Bank of the US the responsibility of money lending fell to?

When President Jackson did not renew the charter for the Bank of the US the government stated putting money in state banks. Money lending fell on these banks and four anti-bank resolutions were approved.


Collateral securities used in bank lending?

what are the types of collateral securities used in bank lending


What major banks offer home loan lending?

There are multiple major banks that offer home loan lending. A few of the national banks that are located in most states are: Bank of America, US Bank, or Wells Fargo.


What is inter bank lending?

Banks lending money to other banks.


What are objective of bank lending?

There are few objectives of bank lending. The biggest objective of bank lending is to stimulate the economy. This is done by lending money to business to help grow their assets. In return, they can hire more people, produce more goods, and make enough profits to pay back their loan and interest which earns the bank money.


What is RPLR?

Retail prime lending rate which usually the bank's lending rate for the loan


What are the bank lending rates from the chicago bank?

The lending rates from the Chicago Bank is around four to five percent. The rates are dependent on the number of years fixed and individual circumstances.


What role did the Bank of the US play in the Panic of 1819?

After a period of generous lending, the overextended Bank began to call in loans to state banks, which saved the Bank but worsened the economic crisis. ~APEX~


What is bank lending?

bank lending is a process wereby money or fund is being given too some one or an orgnisation to be paid back in an agreed time


What is bank loan?

A bank loan is money that is owed to a lending institution. This can be, for example, a bank or a credit union.


What is the name of The lowest level of interest that a bank charges for lending money?

bank rate