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Thursday, December 11, 2008

Banks giving you that pounding feeling??

Interesting how the prime rate is at its lowest rate in 50 years yet the banks are offering unsecured consolidation loans at 16.75% to someone who has good credit and never missed a payment. They run the risk of taking billions in writeoffs, yet they use

Posted on Thu, Dec 11, 2008 at 8:25 PM

Published December 10, 2008.Banks giving you that pounding feeling??

Interesting how the prime rate is at its lowest rate in 50 years yet the banks are offering unsecured consolidation loans at 16.75% to someone who has good credit and never missed a payment. They run the risk of taking billions in writeoffs, yet they use every opportunity to try and wring every cent out of them and force the small consumer into bankrupcty. Pay attention banks.... you helped create this situation with poor lending practices, you need to take ownership and help with the solution.

TeeD off

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