3rd Wave of Foreclosure Hits The Jobless

People With Traditional Mortgages Who Have Lost Their Jobs Are Now Facing Foreclosure (CBS) ... up. With a government job, good credit, and a 30 year fixed rate loan on her southern California house, Judy ... swept up are not greedy investors, or people who got in over their heads with bad loans, reports CBS [more...]

Date: 2008-11-29 06:00:20

Blog posts (7) | Videos (3)
 

No shit, Sherlock...

You mean there were people who saw this coming? And said something about it? And no one listened? Why does that sound like Bush's America to me? ... were often inappropriate for buyers with bad credit. -Banks would have been required to increase ... new guidelines for banks writing risky loans. Today, in the midst of the worst housing recession [more...]

Date: 2008-12-02 08:14:07

G. Avoid Credit Repair Clinics

You’ve probably seen ads for companies that claim they can fix your credit, qualify you for a loan or get you a credit card. Their pitches are tempting, especially if your credit is bad and you desperately want to buy a new car or house. Avoid these outfits. Many of their practices are fraudulent, deceptive and even illegal. Some have been caught stealing the credit files or Social Security numbers of people who are under 18, have died or live in out-of-the-way places like Guam or the U.S. [more...]

Date: 2009-07-23 09:02:39

“we’re in this mess, ultimately, because our political elites thought it was good social policy to encourage banks to give mortgages to uncreditworthy people, resulting in what Sailer months ago called the “Diversity Recession”

Read it and send it to eveyone you know! When I and my wife, a legal alien, bought our house, ... indulgence towards junk science. If the bank gave loans to white people like my wife with no credit, or bad credit, the bank would later look bad if was sued for discrimination, even if it was innocent [more...]

Date: 2008-09-25 15:28:49

FHA to lose $4.6 billion in bad loans; promises more to follow

What a car-wreck. The Federal Housing Administration guarantees loans for millions of borrowers. The FHA is often the lender of last resort; it allows those with blemished credit to get loans ... has done studies that show that the majority of bad loans are generated from people who get “third-party [more...]

Date: 2008-06-10 03:07:05

Personal Loans For People With Bad Credit

by Trinity Davidson If you need to send a child to college, remodel your house, ... loans in the amounts ranging from $3,000 to $250,000. They may require you to offer evidence ... to provide a copy of your drivers license and social security card. They will also want to see your W2 [more...]

Date: 2009-01-17 17:47:04

Bad Credit Car Loans

The worst case credit scenario for all of us is bankruptcy. I read an article by a bankruptcy attorney once that people’s biggest fear when they’re deciding whether to go through bankruptcy is that they’ll never be able to own a home again and they’ll never be able to buy another car. Those fears aren’t really justified, but it’s true that borrowing for cars and houses is going to get much tougher after you’ve gone through the big BK. [more...]

Date: 2009-08-15 13:17:19

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