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I heard some places in america feel by up to 40% I just had a chat with my financial advisor and he is saying it will be harder to borrow money from banks what do you think ??
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Simple answer is yes, but for people who have a decent deposit or a sensible amount of equity the money will still be available.
Anyone selling to companies on trade accounts should check their own credit checking and account systems as well, it could be hard to make up a bad debt in the next year or two.