Quote:
Originally Posted by Charlatan
I can agree that consumers amassed a lot of debt. And in many cases that debt outstripped their earnings.
The thing is, those people should never have been granted credit in the first place. I don't want my bank playing fast and loose with my money by lending it to those who can't pay it back. It's that simple. The banks fucked up and they fucked up using our money... and now they want more of our money to bail them out.
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right, this is the confusing thing to me.
I'm all for tightening credit, but tighten it to those that don't or can't afford it.
And for the love of god... freaking EXPLAIN what the F the FICO score really means or does since it's so tied into how you are to recieve credit.
When we mortgaged a house earlier this year, we were turned down by one institution because we didn't have enough revolving credit. We didn't keep enough balance on a card. WTF????
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