Bad Credit? Your Options Are Getting Better

Credit and The Laws

People are losing their homes, transportation, jobs and their dignity. I see people every day with hardships. Some might be caused by nature, or mistaken judgment, maybe even by an accident, greed, or some illegitimate act. Whatever the reason everybody has bad times in their lifetime, and they deal with it the best way possible.

What I see less of is understanding and trust. I'm sure most people would pay their bills if their creditors where more understanding. Years ago creditors cared about the people and companies that kept them in business. They were honest with real customer service. They would work with their customers if they had a problem.

The Credit Bureaus are a big part of the problems. The FICO scoring system is discriminating, and a unfair way of scoring someone's honesty. Creditors can ruin your credit via the Credit Reporting Agencies without LEGAL PROCESS. The scores and credit reports are abused by, banks and other financial institutions lending money or credit. I think it would be easier to break Russian code then understand this coding system. The FICO score should be justifiably about do I pay my debts?

Banks say they care about the small business owner and homeowners and yet the banks close up or bankrup everyday. They don't care why because they can and the government gave them that power. If the bank would work with their creditors instead of foreclosing on them they wouldn't be in the mess there in, and stuck with all those empty buildings and homes everywhere.

Today they don't care if they keep you as a customer Most of today's companies put quantity ahead of quality. A lot will misrepresent the public with false or deceiving advertisements to sell their products or service. Most will do or say almost anything to get your money. I don't think they care if their product is safe, or legal as long as it sells. So why aren’t the laws that are supposed to protect the public doing their jobs? Why are the Congress and Senate now fighting all attempts at financial reform. There is only one dictatorship in America and that is the Congress and the Senate as they have no term limits. But we all agree that the Congress and Senate should all be fired because of the way they are acting. I do not mean just the republicans but both make a two year olds actions look smart. I only have one question for the Democrat and the Republican Congress and Senate. “Is Wall Street in control of your vote?”

Don’t make a federal case out of something simple and understanding. With the mortgage crisis and the economy in a mess don't sell out the real American that works hard at a low wage job. They're the one you will need to rebuild this economy later.

Floyd Raska of TN 4:47AM August 27, 2010