NCN

The Lending Lunacy Continues as GMAC Gives Out More Bad Loans

Hey Bill;

Put your crack pipe away and try and research what you are reporting before you actually put pencil to paper.... 580 and less is considered subprime! There are many reasons why a credit score would be below that almighty 720..

Many small business owners for instance float there business expenses via credit.

Creditors have made a vicious mission on curbing spending... hence lowering credit limits... this of course will decimate some responsible credit users by the virtue of lowering there available credit limits...

Just one collection account from misapplied co-pay from a medical bill that goes to collection will drop a score as much as 100 points....

What’s your score? bet not too high; based on the fact that you probably pay your bills like you report the realty of things!

You reporters are part of the problem.. get your facts straight, report factual news.... if not; be accountable for what you cause....

This recession will go down in History... as the first time the Media has single handedly caused the demise of the financial stability of our Nation.. GREAT JOB... !!!!!