Although many have blamed bad credit loans for the brunt of the housing crisis, many banks are finding that even their prime customers are beginning to default on their loans. Most banks used a system that would exclude those seeking bad credit loans in an effort to cater to those who would not be as […]
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Bad Credit Loans Hitting Small Banks Hard
Posted on April 23rd, 2008 by justin
Although smaller banks are notorious for refusing to give bad credit loans, it appears that even they are suffering in the midst of the current housing crisis. Even though the loans they granted a few years ago may not have been bad credit loans, they are now defaulting at unusually high rates. Although big banks […]
Bad Credit Loan Scams Increasing
Posted on April 16th, 2008 by justin
As shady companies try to take advantage of people seeking bad credit loans, the Better Business Bureau is warning that bad credit loan scams are on the increase and that consumers need to take steps to protect themselves.Alison Preszler, a spokesperson for the Better Business Bureau stated, “In 2006, we got 1,700 complaints about advanced […]
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