Today everyone is in the US & many parts of the world are being affected by the credit crisis in some way. Most businesses are being crushed while a tiny few are growing. For a positive example, some used car companies offering "Buy here-Pay here" financing, are experiencing an unprecedented boom. When lending sources dry up, those businesses that provide their own lending flourish.

Regardless of the positive or negative effect the credit crisis is having on you personally, the majority of Americans do not truly know how or why this has occurred. The truth is that most understand the problem on a personal or local level, but not on a base level.

Unlike the results & the remedy of the crisis, the cause of the problem is fundamentally simple. Please follow the link below for one of the most simple and understandable explanations of the credit crisis I've found.

http://www.crisisofcredit.com/