As it is obviously clear, we know that we are in the middle of a huge financial crisis and the main culprit for this is the banks. Over the last decade banks have been giving ridiculous amounts of money away to people that cannot afford to pay it back. This has all led to the banks crashing and businesses that relied on them failing as well.

I have always had a motto that if you cannot afford something then you should not buy it, why are people getting out huge mortgages that they cannot afford the repayment for? I mean loaning over 100k is a massive amount of cash. So this is ultimatley why banks need to sit down and think about who they give their cash too.

I have listed down a few situations where the banks definitely should not be lending out.
1) Folks that are on very minimal wages, what the banks do tend to turn a blind eye to is the fact that people have a massive amount of outgoings on a monthly basis. They have travel costs, food costs, bills and much more that have to be taken into account. So someone that is earning 30k in my view should not be borrowing huge amounts for a home.
2) What amount of times have they been in their jobs? There are some people in this world that cannot be bothered to work and end up getting the sack. These people then make up their minds to look for a job after a year and as soon as they find one they think they are rich and rush out to get a mortgage and other financial commitments. And to be honest noone really tells them any different, the banks seem to agree with them by handing over money.
3) A very important aspect that the banks should look at is the lifestyle of every individual. How many times have gambling addicts got given a mortgage and car and then blow there monthly repayments on playing online poker or roulette. Full blown addicts will never stop, so giving money on a plate to them is just a recipe for disaster.

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