Many stories have been written about the “credit crunch” and the “sub-prime lending crisis.” In many of these cases, the banks are made out to be the victims. Yes, they are the innocent institutions who went a little too far and loaned out money irresponsibly. But are high risk loans irresponsible?
Want to know the truth? Bad credit is big business. People with good credit lose money for those banks! The object of “the game” is to find people with bad credit ratings who will pay. Check out the article below from Credit Repair Publishing to see an illustration of how this works.
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Originally posted 2013-09-01 17:29:12.