Comments on: Banks Are Tightening Up On Extending Credit http://www.moneycrashers.com/banks-are-tightening-up-on-extending-credit/ Personal Finance Blog, Your Guide to Financial Fitness Fri, 10 Feb 2012 01:15:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Machttp://www.moneycrashers.com/banks-are-tightening-up-on-extending-credit/#comment-8919 Mac Sat, 30 Jan 2010 15:15:09 +0000 http://www.moneycrashers.com/?p=654#comment-8919 Too bad the banks didn't think to do this a few years ago, it would have saved the financial industry a few headaches, not too mention it would have stopped many foreclosures! It surprises me that it took until hundreds of banks went under before they decided to be more strict on their lending. Obviously it didn't hurt much as the feds bailed them out. Hopefully there soon will be stronger regulations on the banking industry, but I'm not holding my breath. Too bad the banks didn’t think to do this a few years ago, it would have saved the financial industry a few headaches, not too mention it would have stopped many foreclosures! It surprises me that it took until hundreds of banks went under before they decided to be more strict on their lending. Obviously it didn’t hurt much as the feds bailed them out. Hopefully there soon will be stronger regulations on the banking industry, but I’m not holding my breath.

]]> By: DGhttp://www.moneycrashers.com/banks-are-tightening-up-on-extending-credit/#comment-8812 DG Fri, 29 Jan 2010 04:30:55 +0000 http://www.moneycrashers.com/?p=654#comment-8812 yea they are. didn't you hear about chickdowntown it was one of those crazy situations where a business really depended on their extended credit line my friend applied for one and wasn't approved. who can blame banks though? tough times! yea they are. didn’t you hear about chickdowntown it was one of those crazy situations where a business really depended on their extended credit line

my friend applied for one and wasn’t approved. who can blame banks though? tough times!

]]> By: Jakehttp://www.moneycrashers.com/banks-are-tightening-up-on-extending-credit/#comment-6177 Jake Sat, 27 Sep 2008 23:57:29 +0000 http://www.moneycrashers.com/?p=654#comment-6177 I think it's a good thing. If you're able to put 20% down and can reasonable afford to pay the mortgage you are requesting I do not think it will be a problem to obtain a mortgage. If you've already proven that you should not be loaned money then it will be more difficult. This is how it should be - we as individuals and the banks dropped the ball and created a huge mess that we're all going to start paying for. if everyone played by the unwritten rules this "crisis" would of never happened. I think it’s a good thing. If you’re able to put 20% down and can reasonable afford to pay the mortgage you are requesting I do not think it will be a problem to obtain a mortgage. If you’ve already proven that you should not be loaned money then it will be more difficult.

This is how it should be – we as individuals and the banks dropped the ball and created a huge mess that we’re all going to start paying for. if everyone played by the unwritten rules this “crisis” would of never happened.

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