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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Terry Whitman who wrote (105812)5/31/2001 4:12:33 PM
From: Jack of All Trades  Read Replies (2) of 436258
 
TW, If housing sales slow, wouldn't the rate go down to intice new money? Or are the rates lower than they should be because of consumer credit qualities, or lack there of.

BTW

Got a call from an equity lender last night doing some "research," asked if he could ask a few questions, so I said OK... To get to the meat of the story, he was asking what CreditCard debt range I fell into:

20-50K
50-100K
100K-150K

Not paying attn I said the lowest one. He says 20-50 I said NO the lowest one, he said that is... I said I have zero and I asked why no range 0-20K. He said everyone has CC debt and is normally in 50-100K range. Well I said not me and hung up.

I can't beleive that people let them get stretched that far...
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