What credit.US credit is in the ditch so why would an intelligent banking country like Panama want to risk loaning money to people from a nation that is broke and the fact that if things go bad here what would prevent these individuals from simply running out of the country,bring cash or stay in the US.The alternative is if you have lots of money in a Panamanian bank after say a year they may consider you for a small loan.The interest rates will be high and you pay interest in the full amount for the term of the loan not on the declining balance and they will want colateral such as your car,jewelry and what ever you are purchasing with the funds from the loan.Panama does not and will not have the credit mess the US is in and will never get out of in many years to come.
