buckworks - 2:00 pm on Mar 31, 2010 (gmt 0)

Anand84, as a fellow freelancer I would strongly advise you to avoid taking on new debts if you can possibly avoid it.

Do everything you can to reduce obligations on future income, rather than taking on new payments.

Why Aren't Risk Takers Encouraged?

It depends on the kind of risk. Banks prefer to bet on a sure thing, but their perception of a sure thing is not always well-informed. But considering that it's other people's money they'd be lending you, it is good and right that they err on the side of caution.

The way to break out of the mold that Topr8 refers to is to develop your own resources to the point that just about anything you want to do can be self-financed. Be willing to postpone consumer spending as you work towards that goal.

I'm another one who couldn't get help from the bank when I was getting started, and now pays cash for everything.