Alrighty then... Let's just say that easy credit terms and conditions turn out to be not such a good thing for the lenders. They were happy when they booked all that "on-the-way-here" income, but now...not so good. As lenders pinch their puckery standards tighter and tighter, the sellers of real estate, cars, and even replacement windows - are going to feel real pain. When these businesses feel pain, they may find it difficult to stay in the game. If they depart, they'll probably not pay all the bills. The creditors feel pain. Yes indeed... there could be enough pain so that we all get a taste. Nice huh?
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