On the other hand, we have the Banks and other financial institutions who have excess cash laying around (remember that relatively new source of revenue for the banks: Government Insured Home Loans). And like any business, are always trying to improve their bottom-line and are willing to make loans to people who agree to repay and are a good risk. This consumer debt was at first secured by the items purchased and , in some cases, still are, such as automobiles and boats. Eventually, this practice lead to unsecured loans and the day of the credit card had arrived. Of course, the consumer was required to pay even higher rates of interest for these unsecured loans (credit cards).