Do you have low credit score? Do you have delinquent payments? Are you a high risk to the bank?
Do you have low credit score?
Do you have delinquent payments?
Are you a high risk to the bank?
(Thanks to Sal Bommarito’s article on Financial Meltdown 101: 10 Reasons Why Banks Fail)
The 2008 financial crisis led to the failure of a large number of banks in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. In contrast, in the five years prior to 2008, only 10 banks failed. Click for more info
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