by Cindy
We have some crazy stuff here. At least anyone with a business background in capitalism or a market economy thinks it is crazy. Until recently you could buy a $1.5 million dollar car on credit - yep - 100% credit. It was crazy and the banks were losing money. They have recently changed the rules where you have to put 20% down and people are balking. Business is so bad now that car dealers want the rules changed.
They also give out credit cards without verifying your income and your credit limit is not based on your ability to pay back. No wonder some people are in such trouble!
We have some crazy stuff here. At least anyone with a business background in capitalism or a market economy thinks it is crazy. Until recently you could buy a $1.5 million dollar car on credit - yep - 100% credit. It was crazy and the banks were losing money. They have recently changed the rules where you have to put 20% down and people are balking. Business is so bad now that car dealers want the rules changed.
They also give out credit cards without verifying your income and your credit limit is not based on your ability to pay back. No wonder some people are in such trouble!
No credit check? 100% financing? I'm not seeing the problem!
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