If mortgage lenders are contained by trouble for lend loans that nation cant afford to salary...?
shouldn't credit card companies be held accountable for giving out too much credit that people cant afford to retribution back?
Answers:
A relatively new loaning system is frozen money lending... if you're interested you should check out http://www.pitbullmortageschool.com . It's kind of spellbinding.
You are attempting to apply LOGIC to political GAMES. The lenders ALREADY lost from the default. They didn't want to make these loans in the first place. The defence they did was because Congress pressured them to make than to be 'fair' to those that 'needed' homes they couldn't afford. This is typical of politicians. First, meddle surrounded by areas you don't understand to 'help' people. Then, when the 'unintended consequences' hit, blame the family you FORCED to participate.
There IS a way to punish Credit Card issuers for bleak behavior. DON'T do business with them.
I am totally against the government bailing out any consumers or companies for making stupid, selfish, or unwise business decision. Having said that, if a person borrows money, for whatever purpose, PAY THE MONEY BACK! If nation stop paying back loans, then sooner or next, there won't be anyone willing to loan money to anybody.
I like your thinking!
* * Note: If anyone from my credit companies is reading this, I'm just kid... I'm TOTALLY gonna pay you guys....
Related Questions:
Mortgage Loan Modification?
We are currently in great standings with our mortgage and the guard which holds the note. Due to unforeseen circumstances, we've get a reduction in income. We own a HELOC with another bank and going on for 50K in consumer debt. We have be unsuccessful in obtaining a...
Answers:
A relatively new loaning system is frozen money lending... if you're interested you should check out http://www.pitbullmortageschool.com . It's kind of spellbinding.
You are attempting to apply LOGIC to political GAMES. The lenders ALREADY lost from the default. They didn't want to make these loans in the first place. The defence they did was because Congress pressured them to make than to be 'fair' to those that 'needed' homes they couldn't afford. This is typical of politicians. First, meddle surrounded by areas you don't understand to 'help' people. Then, when the 'unintended consequences' hit, blame the family you FORCED to participate.
There IS a way to punish Credit Card issuers for bleak behavior. DON'T do business with them.
I am totally against the government bailing out any consumers or companies for making stupid, selfish, or unwise business decision. Having said that, if a person borrows money, for whatever purpose, PAY THE MONEY BACK! If nation stop paying back loans, then sooner or next, there won't be anyone willing to loan money to anybody.
I like your thinking!
* * Note: If anyone from my credit companies is reading this, I'm just kid... I'm TOTALLY gonna pay you guys....
Related Questions:
Mortgage Loan Modification?
We are currently in great standings with our mortgage and the guard which holds the note. Due to unforeseen circumstances, we've get a reduction in income. We own a HELOC with another bank and going on for 50K in consumer debt. We have be unsuccessful in obtaining a...