Despite Fed Rate Cut, Loans Are Harder to Get

Reader Comments

Back to blog

Hello everyone!

I would like to burn a theme at this forum. There is such a nicey, called HYIP, or High Yield Investment Program. It reminds of financial piramyde, but in rare cases one may happen to meet a company that really pays up to 2% daily not on invested money, but from real profits.

For several years , I earn money with the help of these programs.

I'm with no money problems now, but there are heights that must be conquered . I get now up to 2G a day , and I started with funny 500 bucks.

Right now, I managed to catch a guaranteed variant to make a sharp rise . Visit my blog to get additional info.

http://legalmoneynow.info

liesktwilia of AL 11:53PM October 26, 2009

Guaranteed. If you have debt and they see any chink in your armor they will use any number of reasons to raise your credit card interest and it is legal of course. Be late with another creditor and they will be wringing their hands to raise theirs. Seem like a way of price fixing. "Hey Joe at (LoanSharkBank) he paid you late, I will raise their interest too. Hey, why are they having troubles paying 21% from 9% and why are they not getting out of debt. SUCKERS!" "Oops another subprime mortgage....look for more ways to get money.....our prime has went down so WE save a few more bucks"

Last resorts HSBC, Bank of America, Capital one. Yes I too have lost my job over the years and my credit score is shot. Get out of debt and use little of your credit, save if you can....

Oh and the funny part of the banks snubbing you. When you are late on payments and paying late fees, but keeping up for the most part. They make more money off your loan and scold you when you want to refinance...even though you had a rough patch and have a good job again. ANY excuse to make themselves money, BUT that is what they are in business to do. Don't get me started on the Credit Reporting....how does that black box help with "truth in lending" when there is not full disclosure of how you can improve SPECIFICALLY and the weights.

kevin of NC 11:00AM February 25, 2008

Lenders took such a loss (at their own greedy doing) that they are going to try to make up their losses somehow. So look out!

Grouch of CA 11:03AM January 28, 2008

Well, I am a person who just got an auto loan through Capital One, so I am at least grateful that some companies are still willing to work with those who have fell on hard times when it comes to paying down credit.

Chris Bolts Sr. of AZ 8:06PM January 24, 2008

Isn't Capital One a lender of last resort anyway for someone who cannot get a regular loan?

Ben Dover of OH 2:16PM January 24, 2008

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Back to blog

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about making smarter financial decisions. She’s the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back.

advertisement

Latest Video

advertisement