Submitted by volunteer47305 on Wed, 12/12/2007 - 8:03pm.
Area: NationalMFP Tags: Foreclosures, Seizures, and Court Judgements and such things to avoid.
Area: NationalMFP Tags: Foreclosures, Seizures, and Court Judgements and such things to avoid.
Given the recent Sub-Prime Mess; the question begs to be asked should someone living at, or near poverty be extended credit?
Interesting Answer: Yes to the degree they are working and still have disposable income left
30% (3 votes)
Hard Answer: No, disposable income is not the same as available income.
0% (0 votes)
Popular Answer: It's nobody Else's business, as long as I can make the payments.
20% (2 votes)
Necessary Answer: If you choose any of the above, are you able to guarenteed as their surety the default payments?
0% (0 votes)
Most Practical Answer: Anyone already indebted more then 25% of their take home pay, is already a credit risk, so NO
50% (5 votes)
Total votes: 10
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 Whatever money they spend
Whatever money they spend ,is still helping the economy. Being self-employed is just as much of a credit hassle. No -one wants to lend you anything till you dont need it. Banks give loans to people that should in all rights be able to pay cash for damn near anything and don't really need it. If it is a matter of survival !!! A BANK won't touch you F #%#%#
Jeff Ellison
 Jeff I don't know your
Jeff I don't know your past, but I do know there are bite size chunks as long as you have some positive cash flow. it may take some juggling, but if you spend less then you make, you in the positive. If you check out Star Financial Bank and their Debit card With Checking, you may find the right mix for what you need. It may not represent what you want, but may give you enough of what you need to build on.
I know it has been good for me.
Randall L. Jacobsen Sr.
Proprietor
Sow N Sews Custom Sewing N Repairs
and Army Navy Surplus Of Muncie
and Chaplain, M.O.R.E. Ministries, American Legion Post19
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