[Mr Ramsbotham]

This will simply make it more difficult for marginally creditworthy consumers to get credit.

[mosaicwolf]

"This will simply make it more difficult for marginally creditworthy consumers to get credit."

Sounds like a good plan to me. They will have to save more, pay their bills on time, and build a good credit rating.

[meyer]

This will simply make it more difficult for marginally creditworthy consumers to get credit.

Just like the old days, before it became fashionable to extend credit to people who likely would not pay it back but would pay tons of interest through minimum payments every month.