Re: Is My Credit THAT BAD? 20% on A That's A's fault for not paying his bills in the first place and BECOMING a bad credit risk. Had he PAID AS AGREED to begin with, he'd get cheaper rates. If you screw up, you pay the price. That's what makes this world go round. It's called JUSTICE.
Re: Is My Credit THAT BAD? 20% on A You seem to have serious issues relative to insecurity (i.e., Whoa is me, everybody wants to steal from me, everybody wants to bilk me). I'd hate to live with your outlook on life.
Re: Is My Credit THAT BAD? 20% on A Nope = just feed up with the consumer always taking it on the chin?
Re: Is My Credit THAT BAD? 20% on A He wouldn't be getting cheeper rates - He'd be gitting the the same deal as every one else,instead of getting overcharged.
Re: Is My Credit THAT BAD? 20% on A Does justice also include being taken advantage of and abusive treatement?
Re: Is My Credit THAT BAD? 20% on A Why can't these companies cut people a little slack, I can see if all that was on the CR was late pays and charge offs ect. but even the people with 1 or 2 late pays get screwed. EVERYBODY makes mistakes at one time or another. I'm sure borrower B will make a stupid mistake UGH they need to change the LAWS!!! A late pay is NOT the same as a repo or charge off, I don't know why they have the same 7 year reporting status. KHM
Re: Is My Credit THAT BAD? 20% on A Loans are often included in a pool of loans that are used as collateral for a security. The loan has then been "securitized". ( a security has been created out of the loan pool ) Lenders use securitization to obtain capital to make loans. Due to this, consistent payment streams become an extremely important issue when making loans.
Re: Is My Credit THAT BAD? 20% on A The law needs changed so that you have more than just one day to pay!
