Archive for January, 2010
My Credit Report – 3 Golden Rules For Fast Credit Repair
Tuesday, January 19th, 2010My credit score far from perfect. Are you planning on a major purchase or loan but fear being rejected by creditors? Don’t worry. More than 30 million Americans are in the same boat. According to the general myth, there is one sure way to fix bad credit report-time, financial effort, careful budget planning and discipline. [...]
How can people blame the free market instead of the government’s easy credit policies for the Crash of ‘08?
Saturday, January 9th, 2010|
Brad wants to know: The government adopted easy credit policies over a number of years to help people who are unqualified to get mortgages. The Community Reinvestment Act is one notorious example. This act required affirmative action (that is, reverse discrimination) in lending because large numbers of minorities were incapable of affording a [...]
Were democratic and liberal policies to blame for economic crisis?
Friday, January 8th, 2010|
castlekeepr wants to know: Under Clinton, mortgage qualification rules were loosened to enable everyone, no matter how poorly qualified, to be able to get a mortgage. The democrats partnered with their major campaign donors in Fannie Mae and Freddie Mac (Major Obama connections in both of these) to loosen restrictions to get their democratic [...]