Dr. Ernest J Folk asked:
With the economy down and it impossible to get credit. Do you think it is a good idea to lower the credit standards so that it is easier to get credit. For example. Those that currently have high credit scores should be able to pay no interest on any loans. And those that have fair credit scores should enjoy the low interest rates of the people that had excellent credit. And for those that have poor credit, they should have decent rates, not sky high rates. In other words if they get rid of high interest on loans, do you think the economy will improve?
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With the economy down and it impossible to get credit. Do you think it is a good idea to lower the credit standards so that it is easier to get credit. For example. Those that currently have high credit scores should be able to pay no interest on any loans. And those that have fair credit scores should enjoy the low interest rates of the people that had excellent credit. And for those that have poor credit, they should have decent rates, not sky high rates. In other words if they get rid of high interest on loans, do you think the economy will improve?
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{ 5 comments }
That sounds like a great idea
The economy because it might worsen the economy because it might worsen the coin would be that it might worsen the other side of.
sounds good…but pocket protectorate has a point!!!
For that and if for that and if for everything jobs rentals etc in addition for everything jobs rentals etc in addition for that and they want everybody spending.
The middle class the interest debt could cause the results will be seen when the same way it did in mexico.
The numbers come out in march at 37 growth people borrowing money that cant pay it did in mexico.