Evidence That the Credit Crisis May Be Ebbing

Back to blog

credit crisis will get worse. why? because

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 @ Apr 30, 2008 16:50:18 PM

Back to blog

Add Your Thoughts
About You
Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

advertisement

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!