Who are making bad credit loans?
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if so many of us americans have bad credit, who are getting loans and where since we parade around the world telling and showing everyone outside the us we care and here's a blank check
Who are making bad credit loans?"... so many of us americans have bad credit ..."
I know a lot of people have bad credit but I sure hope it isn't most. I hope most Americans pay their bills on time, even if they have a lot of debt. There's a big difference between bad credit and debt.
Who are making bad credit loans?Who are making bad loans; most Americans. We are all over extended and most Americans have more credit card debt then savings.
The variable rate mortgage rates have ruined a lot of American home owners. The Federal Reserve has a history of steadily increasing the interest rate over the last five years and each point increase translates to hundreds of dollars more to the people who have to pay their mortgages. This made great sense when the interest rates were dropping, but they make no sense now that the interest rates are increasing.
Ask any college student where the parade of credit cards start and they will tell you it starts in their mail box as they receive offers from dozens of credit card companies before they have even graduated. They typically have crystal clear credit records, but almost no credit history; maybe a savings account.
The blank check is the one that is typically written by the Federal Government which operates in a debt of Trillions of dollars and considers it a major feat if they submit a balanced budget; that doesn't increase the national debt. A lot of that debt is to ourselves in the form of Treasury Bills and Savings Bonds. Meanwhile the US government just keeps on getting deeper in debt to itself, the rest of the world and its citizens.
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