Evidence That the Credit Crisis May Be Ebbing

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Lenders have raised the required credit score to some areas they are not attainable for some. Example, some of the people with credit scores in the 650 range have had no trouble paying their bills and on time. In addition, some of the people running the score tables dont have a clue about whats going on in the world or work place today. Furthermore, raising the requirements for lending above this score just rids the possibility of buyers coming to the rescue for some of the foreclosures. Now the group of possible buyers becomes smaller and smaller as time goes on. Therefore, the credit crisis will worsen beyond a doubt.

Jeff Hunt of TX 4:50PM April 30, 2008