in other words, is it possible that the fact that so many subprime loans had to be made was simply partly an adjustment by bankers and mortgage lenders to a new reality …that americans as a society had become less credit worthy to buy homes…and their credit had gotten worse as a society..that they had less savings to put down on a home, and they carried much more credit card debt…that perhaps more americans were struggling to keep their heads above water with stagnant wages….and exceedingly high housing prices than say back in 1998?
hmmmm…so no one believes that there has been a decline in the credit worthiness of americans?
thats funny, because as a mortgage loan offices for 15 years, I sure did. I noticed that as time went on that people’s credit worthiness was declining…that you had to talk to more and more people to find someone that was “well qualified”.
I have noticed something about many americans, that there is a reluctance to admit that this country is not perfect that its not the idealistic paradise that we are brainwashed to believe it is..like that we can’t do anywrong…that there is no poverty…that its still the land of milk of honey that it was once. Its really amazing. It sometimes feel like a slow strangulation of a country while everyone goes around happy go lucky buying their Ipods, and big screen TVs and watching their american idol.
Thanks so much for your help and I’m looking forward to your advice.
Thanks for the great responses – my score averaged from the three bureaus is 736 and all the offers were approved. In all honesty, my company’s stock just hit a 3 year low, so I am going to 0% cash advance the credit into my corporate discount ESPP program and flip the shares. I know this is not encouraged by most corporations – but hey the free money is hard to pass up.
Then I will reimburse the cards and let them sit until I see another opportunity of this sort. Thanks again!
And say i do have credit, how much does a decline account do for a credit card.
Also 1 more question: What is the easiest card to get, ive tried:
1. Texaco
2. Best Buy
3. Bank of America
any ideas?
If anyone has used this and likes it, please let me know. It’s actually not a bad deal price wise compared to ordering HBO, SHO, etc.
