should the government make up stricter rules for banks?
I personally think that the government should make stricter rules for banks for example:
- no lending out loans to anyone who have a credit score of under 600
- before handing out loans, check their reason and if it is reasonable, check their bank account
- make sure they can pay back the money by checking their credit score and bank account
these are some of the rules that I think the government could make for banks.
Comments (2)
07 Dec 2018
Can you explain what a credit score is and why you would set this limit?
A credit score is a score that tells banks if they can lend a loan to that person. I would set this limit because 600 is quite a good score so then anyone with a score of under 600 can't have a loan
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