 NeEd A LoaN? |
| Hello I have terrible credit!!! I am in a state of emergency and payday loans are not an option for me! Does anyone know who lends to people that are in my ... |
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| i payed off everything that i owe but cant get any sort of credit, how can i reestablish my credit??? and without going to some credit counseling place??... |
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 If you ask for an additional card for someone in your family on a credit card application...? |
1. Do they check that person's credit report/score?
2. Do they take that person's credit profile into consideration when they decide to approve/deny your application?... |
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| Now I have a car loan, can I use that to re-establish my credit and raise my credit score? Does anyone know how long it will take?... |
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| I had approx £24,000 of debt and i was declared bankrupt. The reason i have been in so much debt is because i have been sadly gambling it all away. I really need help and im liiking for advice. I ... |
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 Getting out of credit card debt? |
| Can anyone offer really good tips on how to get out of credit card debt? I'm just like my mom and money burns holes in my pockets, I just can't seem to buckle down and just "do it"... |
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| Im up to my neck in debt with my credit card, what i want to know is if i close my credit card account, do the monthly interest owing on that card stop..therfor allowing me to pay of the remainder ... |
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| If someone is declaring bankruptcy, they have no money to pay their bills. So how does the system expect the person to payback a massive student loan (ie. $53,000.00)... |
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| I am past due on a $5000 student loan and past due on another $2000 personal loan.......I'm working a great job now and I have a lump sum of money coming in the next two months that will allow ... |
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| I have the opportunity to get a $10,000 consolidation loan to pay off all my cards ($6,000) but I'm not sure that's a good idea. I would like to raise my credit score to make a major ... |
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| i have absolutely no credit, who will give me a card to help build my credit?... |
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| Someone that I know used my name on a credit card without my permission. I know this person, and don't want to press charges. My brother however called an investigater because he is really mad ... |
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 I have NO credit history, where can I get a credit card from? |
| I'm in my early twenties. I'm not a student. I also need one that reports my limit to credit bureaus so I can build credit. My bank declined my credit card application because I have no ... |
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 Is it Possible for two people to have the same Social Security #? |
| I just found out that someone has a credit card in their name but using my social security number. I have never seen it on my credit report, and when I spoke to the credit card company they said this ... |
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 Where can I get a high risk personal unsecured loan without a cosigner? |
| I have really bad credit however I am trying to play catch up with my bills. Because of medical reasons I was off from both of my jobs. I work two jobs and I can pay over $300 a month on a $12000 ... |
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Argus 420 | Why doesn't the Federal Government force credit agencies to reduce their APR and late fees to help recession? |
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Numbskull
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The feds DO regulate all legitimate credit providing agencies. |
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Joe
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Should the Federal Government also force the breweries to lower the cost of their beer? How about forcing dairy farmers to lower the cost of their milk. And while we're at it, why not force all employers to give everyone at least $20 per hour in pay (actually, why not make everyone in the US rich by guaranteeing everyone a $100,000 per year salary).
Your question smacks of the reason we all need to be concerned about the economic viability of our country into the years ahead. Anytime someone asks "why doesn't the federal government force ....(fill in the blank)....it shows a complete lack of understanding of our national economy. |
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markja
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Because credit agencies do not set interest rates or late fees. They only report them.
Interest rates are set by the banks and are based on the supply and demand of money. Our money is based on debt. A greater demand for money drives intrerest rates up while a greater supply of money causes inflation. The Federal Reserve constantly adjusts intereste rates so that the economy will remain mostly stable. I watched a very good video on this subject called "Money as Debt" Link is below.
Late fees are a punishment that you get when you don't pay your bills on time. Again, the government does not set them and actually has nothing to do with them. Before you get a credit card, read the agreement. You will see that the lender can pretty much do what they want when they want. If you are late for one payment, they can fine you and increase your interest rate.
The solution is not for government to make a proclomation about late fees and debt. The solution is to get ouf debt yourself.
Best,
m7jacobs |
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Carol B
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I'd also like to see them stop the pump gouging. The price of oil has risen, yes, but the price of gas has risen way farther than it should have. |
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yah00ray
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it's their number one money maker. |
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vrandolph62
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because we live in the grand old u s of a. |
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Kevin M
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One word Politics.
Credit lobbying groups are in the politicians back pockets, same thing with the oil industry. |
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en la busca de Gloria
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we already meddle enough with our "free market" economy. maybe we should force the closure of all credit agencies and only buy what we can afford? |
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wartz
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The APR is a market force. If lenders were forced to reduce their rates, they would reduce the funds available. |
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Sothe
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Because thats not how the Government works. They can't just force them. AND, if they started doing that, then they would start forcing other things on us as well, going back to monarchy, and such. |
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mtchndjnmtch
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They do every now and again. But not enough to suit me. It has only gone up and we can't do any thing about it. The credit card companys are trying to get you to do the 8.99% for the life of the loan, if you don't miss a payment. Not a bad deal as long as your on time with your payment. You miss and you could be paying 30 % in some cases. |
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pinky
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The APR is exceeding ly low - Enjoy while you can.
Recession?? You obviously never lived through one. |
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Neomaxizoomedweebie
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The Federal Reserve, I think, is supposed to do that, but they won't. They're a private bank owned by the Rothschilds of England who want to bilk us for everything we got. |
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Ray@yahoo
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because they economy would go down for less apr |
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