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How did the US credit crisis start?

Updated: 8/20/2019
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12y ago

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"US credit crisis starts because too many people are in debt, including the US itself. Credit is sometimes easly obtained but hard to repay."

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Q: How did the US credit crisis start?
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Does credit have anything to do with economic crisis?

The economic crisis has severely affected the availability of credit. It is also termed as the credit crunch.


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Has the credit crisis affected the mortgage lending rates?

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