I am asking because I wonder why there’s the subprime crisis all of the sudden. I understand that the problem is that subprime loan has variable interest rates so when rates get too high, people can’t pay. However, why didn’t this happen before (in the entire human history, or at least in the history of modern economics – I am not aware)? (Somehow I doubt it – but, Were there new government laws that triggered or encouraged this disastrous consequence?) Who’s responsible? Who let this happen? Someone should have seen and catch this problem (economists, legislators) earlier.
Archive for November, 2009
Is Subprime Loan Something New? Is It Invented Relatively Recently As A New Financial Product?
November 29th, 2009What Credit Score Is Needed To Get Home Loan?
November 29th, 2009I have 680 credit score and I also would pay at least 20% down payment for $150,000 worth of loan if it is approved. I have also one year history of car loan which was paid in time. Please suggest me,would l be eligible to get home loan with low interest rate? Or I have to pay more down payment? Or wait 4-5 months and more so my credit score will be atleast 720 and more ?
Where Do You Start With Getting A Business Loan?
November 27th, 2009We are moving to California to start a canvas shop dealing with boats, bimini tops, etc on the Colorado river. We don’t really know where to start as to getting this loan…
I’ve also heard that it is much easier for women to get loans for businesses than it is men, just what I’ve heard, so I’m thinking maybe I should be a partner on the loan as well.
How To Get A Student Loan To Live On Your Own?
November 27th, 2009I am 19 and will be moving and living on my own plus attending college. I was hoping to get a student loan to help pay for housing so I don’t need to work 40/hr weeks. Anyone know the best loan to apply for? Best company? Other alternatives?
Where Can I Get A Loan For My Small Business With Fair Personal Credit?
November 26th, 2009I am starting do pick up alot more business now with this being my 3rd year in business. My problem is I need a loan for around $40,000 for more equipment and just a pick me up to expand to the point I need to be at right now. Its been though finding a loan but this is just that one break EVERY small business owner needs.
