anand84 - 4:45 pm on Apr 1, 2010 (gmt 0)

Hi all

Thanks for your replies. Firstly, yes, you are right in that this may not be the right time to pile on debt. Point taken, though I believe taking a loan (when you are comfortably able to pay it) is just a way to simplify your risks.

Secondly, I agree it would be safer for the banks to make money off a 9-5er over me since he/she has a better guarantee over regular payments.

I was not actually blaming the banks but the entire system which seems skewed towards employees and not would-be employers. As Jecasc puts it, if you run your business, chances are that your employees are able to secure loans easier than you do. I would disagree that all banks and institutions operate this way. If it were so, a lot of businesses today wouldn't have existed.