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Wednesday, May 20, 2009



I will feel no sorrow over those tales of people who can't get credit cards under the new rules. And if my rebates disappear and rates go up, so be it: if the only way Citibank can afford to give me rebates is by taking advantage of other lenders, then I'm complicit in the bad behavior I've been decrying. Maybe I'll just have to cut up my credit cards and stick with my bank debit card... which is a more honest way of managing my money.

Todd Epp


Could I interest you in a bowl of pudding?



Cory: you seem very certain that you know what is best for everyone. Why is it bad behavior to penalize less responsible people and reward more responsible people? Of course I know that Democrats are inclined to do the opposite, and they also frequently confuse taxing others with self-sacrifice. You may be willing to pay more for credit without the stigma of high rates, but it won't be just you who is paying will it? Why not just start your own credit company, and offer cards without any of the penalties, fees, etc. that you think are unjust. Surely all the good lefties will line up to get your cards, and cut their own to ribbons.

You may feel no sorrow if a lot of people can't get credit cards, and I applaud your position of moral superiority. But the New York Times (if it still exists) will feel sorrow, especially when the burden of the law falls unequally on Black and Hispanic borrowers as compared to Middle Class Whites. And then something will have to be done about it. We know where this kind of thing went when it happened to houses.


What is the sound of one hand blogging?


If your credit is that bad, the first thing you slohud do is get a copy of your credit report. You are authorized to get a free credit report each year.On this free credit report you will not get your credit scores and you have to request this report from each of the major credit bureaus. It normally take about 30-45 minutes to get one and print them so you can go over it.Look and see if there are any negative items on your credit report from each of the credit reporting agencies. If there are negatives you might challenge each negative item on your report.There are several agencies that claim they can assist you in raising your credit score. You would have to check these agencies out on a case by case basis. There might be some that would be able to help you and some that might not be able to help you at all. Make certain this type agency is legal and can do as they say they can.There are many things you slohud do, but the first thing you slohud do is contact a mortgage broker that does FHA mortgage loans and get pre-approved. This is the first step. Once you have your pre-approval then contact a real estate agent to look at house based on what you are qualified to buy.You will need proof of income so have available pay stubs, w-2, bank statements and other items your mortgage broker will require.He will inform you of what is necessary once you contact him.This pre-approval will tell you the amount of house you are qualified to purchase as well as the interest rate, monthly mortgage payments and other necessary things you need to know about your mortgage.I hope this has been of some benefit to you, good luck."FIGHT ON"

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