I keep getting offers for credit and have many business and personal credit lines. A few have reduced the amounts but thats about it.
Poll Are You having trouble getting credit?
- Thread starter Aaron Copland
- Start date
Absolutely none. I have bankers that I see at lunch and around town joking with me because they want to loan me money and I never take them up on it.
otherwise you get shanked 
Look here is the bottom line. Consumers with good credit and a track record of paying back loans on time are having no trouble getting access to credit.
Itâs the people with bad credit and charge offs, repos, and late pays that are not able to access the credit markets.
AND THATâS HOW IT SHOULD BE. THATâS HOW WE GOT IN THIS MESS IN THE FIRST PLACE GEESH.
Itâs the people with bad credit and charge offs, repos, and late pays that are not able to access the credit markets.
AND THATâS HOW IT SHOULD BE. THATâS HOW WE GOT IN THIS MESS IN THE FIRST PLACE GEESH.
Sen. Schumer said today that he had talked to siomeone working in auto financing, and he told him that at this point things were so bad they were only making loans to people with high credit scores. OMG, the horror!
And another guy (Sununu?) says we have to get consumer credit going again - student loans, car loans, credit cards - the things that keep the economy growing and strong.
These guys basically admit the whole thing is a house of cards built on quicksand and no one bats an eye.
And another guy (Sununu?) says we have to get consumer credit going again - student loans, car loans, credit cards - the things that keep the economy growing and strong.
These guys basically admit the whole thing is a house of cards built on quicksand and no one bats an eye.
I despise the system of credit. Even my credit cards have a positive balance, in case of emergencies. I HATE DEBT! That's why I worked my ass off after buying a home to pay off the mortgage ASAP. DEBT SUCKS! Who likes waking up to debt?
What happened to saving fot what you want. When I was growing up we put things on lay away, and made payments to the store until we had paid in full. Then we got the product with ZERO interest.
But now it's GIVE ME.... NOW NOW NOW. No disipline, credit is ok for large purchases.
But now here is the rub, everything costs so much and wages have not kept up with inflation we sit in this Fed made mess, yes the fed created this mess.
But now it's GIVE ME.... NOW NOW NOW. No disipline, credit is ok for large purchases.
But now here is the rub, everything costs so much and wages have not kept up with inflation we sit in this Fed made mess, yes the fed created this mess.