Impact of new credit card regulations on SAHP's

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lauren1063
iVillage Member
Registered: 11-22-2000
Impact of new credit card regulations on SAHP's
1062
 Wed, 10-19-2011 - 11:38am

I saw a little bit about this this morning, and immediately thought of this board.


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litlmiss_cantbewrong
iVillage Member
Registered: 02-24-2010
In reply to: lauren1063
Re: Impact of new credit card regulations on SAHP's
 Thu, 10-20-2011 - 1:56pm
mamageek wrote:

Would be okay if I forced you to cosign? multiple people's cards? that you have never met? That is in essence what was happening to credit card companies.

They are betting on married couples - staying together. That is a losing bet.

If I had a SAHM mom friend that wanted to borrow $10,000 and was married to a dude that made enought money to pay me back I would possibly lend the money. If she told me she was leaving her husband and had no job and no way to make money I would not. It's basic math.

Interesting . . . credit card companies as victims.

lauren1063
iVillage Member
Registered: 11-22-2000
In reply to: lauren1063
Re: Impact of new credit card regulations on SAHP's
 Thu, 10-20-2011 - 1:58pm
tryingtoquit wrote:

(if for some reason you feel you need separate credit cards)


emptynester2009
iVillage Member
Registered: 08-22-2009
In reply to: lauren1063
Re: Impact of new credit card regulations on SAHP's
 Thu, 10-20-2011 - 2:06pm

egd3blessed
iVillage Member
Registered: 01-15-2006
In reply to: lauren1063
Re: Impact of new credit card regulations on SAHP's
 Thu, 10-20-2011 - 2:08pm
ouch, and so what are you saying.. did she put it on a credit card?

 

egd3blessed
iVillage Member
Registered: 01-15-2006
In reply to: lauren1063
Re: Impact of new credit card regulations on SAHP's
 Thu, 10-20-2011 - 2:15pm

and banks whose lending practices were wrong and negligent were punished and displined, that doesn't change the fact however taht there were borrowers who borrowed more than they could afford, knowing full well they couldn't afford to pay their mortgages back too. and the comparison of a mortgage broker needs to be made with deceitful bank practices not banks that lend the tradiitonal/right ways.

 

mamageek
iVillage Member
Registered: 06-04-2003
In reply to: lauren1063
Re: Impact of new credit card regulations on SAHP's
 Thu, 10-20-2011 - 2:16pm

I have my own also - but I think there are people that don't - the one pot - his is mine.

egd3blessed
iVillage Member
Registered: 01-15-2006
In reply to: lauren1063
Re: Impact of new credit card regulations on SAHP's
 Thu, 10-20-2011 - 2:18pm
ooh, math major. can you help my daughter with monomials and binomials.. ;-)

 

mamageek
iVillage Member
Registered: 06-04-2003
In reply to: lauren1063
Re: Impact of new credit card regulations on SAHP's
 Thu, 10-20-2011 - 2:19pm
What banks were punished and disciplined? Do you an article that shows that - I missed that.
litlmiss_cantbewrong
iVillage Member
Registered: 02-24-2010
In reply to: lauren1063
Re: Impact of new credit card regulations on SAHP's
 Thu, 10-20-2011 - 2:19pm
egd3blessed wrote:
and banks whose lending practices were wrong and negligent were punished and displined, that doesn't change the fact however taht there were borrowers who borrowed more than they could afford, knowing full well they couldn't afford to pay their mortgages back too. and the comparison of a mortgage broker needs to be made with deceitful bank practices not traditional banks that lend the right way.

How were they punished and disciplined?

mamageek
iVillage Member
Registered: 06-04-2003
In reply to: lauren1063
Re: Impact of new credit card regulations on SAHP's
 Thu, 10-20-2011 - 2:20pm
I wish I had time - I love to tutor in math - I do it for fun - my neighbors pay me in wine.

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