Impact of new credit card regulations on SAHP's

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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iVillage Member
Registered: 02-24-2010
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.

“Clearly," said Arthur,"you're an idiot- but you're our kind of idiot. Come on.” 
― Markus ZusakThe Book Thief

iVillage Member
Registered: 11-22-2000
tryingtoquit wrote:

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


iVillage Member
Registered: 08-22-2009

iVillage Member
Registered: 01-15-2006
ouch, and so what are you saying.. did she put it on a credit card?

 

iVillage Member
Registered: 01-15-2006

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.

 

iVillage Member
Registered: 06-04-2003

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

iVillage Member
Registered: 01-15-2006
ooh, math major. can you help my daughter with monomials and binomials.. ;-)

 

iVillage Member
Registered: 06-04-2003
What banks were punished and disciplined? Do you an article that shows that - I missed that.
iVillage Member
Registered: 02-24-2010
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?

“Clearly," said Arthur,"you're an idiot- but you're our kind of idiot. Come on.” 
― Markus ZusakThe Book Thief

iVillage Member
Registered: 06-04-2003
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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