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MONEY LOANS

ProfilePosted byOptionsPost Date

OneFootInTheGrave

OneFootInTheGrave Report 4 Apr 2013 14:33

Once bitten twice shy maybe, as one of the main causes of the financial crisis were mortgages made to individuals whose income meant there was a real risk of the person or persons to whom they gave a mortgage, not being able to meet their commitments.

However another major factor was there were also a large amount of unsecured funding made available by bank loans and credit cards to people in a similar position.

DIZZI

DIZZI Report 4 Apr 2013 14:10

DO YOU REMEMBER WHEN YOU WANTED A LOAN YOU HAD
TO HAVE SOMEONE YOU KNEW STAND AS SECURITY FOR
YOU AND IF YOU DIDN'T PAY THEY HAD TO.I KNEW QUITE
A FEW LOST EVERYTHING BECAUSE THEIR BEST FRIEND
PROMISED THEY WOULD PAY THE LOAN UP.
THEN CAME CREDIT RATINGS AND YOU WERE RESPONSABLE
YOURSELF NO ONE ELSE TOOK ANY RISKS,,,,,,,
WELL SEEMS THEIR GOING BACK TO THE OLD WAYS,'

I WONDER WHY