Question: > He is as moral as the banks. bankruptcy is just as legal as giving out > high interest loans to high risk clients. The bank has already factor > the risk of bankruptcy into the cost of the loan. That is way the kid > was charged 21% interest.
> Personally I would have advise a different tack, since the kid has no > real assets (real estate, boats, investments, etc.) default is actually > a better deal then bankruptcy. It costs less (free) and only stays on > your record for 7 seven years vs. 10.
> A consumer should view business with the same attitude that business > views the consumer….”SCREW ‘EM! and SCREW ‘EM HARD!”.
Answer: actually, I tend to agree with you here. I have gotten so pissed off at banks (and long distance phone companies, but thats another thread) lately I can hardly see straight.
They *are* making an effort to screw consumers.
I think many industries have seen what the technology industries have gotten away with and has decided to be bold.
Related posts:
- Debt Consolidation Services
- Bankruptcy info needed
- Bankruptcy info needed
- Debt Consolidation Services
- Owning vs renting
- scrimp and save or bankruptcy?
- Career Change, Relocation, Home Loan question
- Dishonest Mortgage Lender – Allstate Funding
- A Good Washington Mutual Experience
- Begging Us to Get Into Debt
- How do I protect my Credit from invasion
- refinancing a double to get moved quickly – questions