Comments on: Late Loan Payments Hit Record High

3Q Delinquencies Hit Record Levels For Indirect Auto Loans And Home Equity Lines Of Credit

[tincup356]

It doesnt take a rocket scientist to figure out...The middle class is going broke by the day...Our governments wars on everything have just about brought us to our knees...sending the price of everything out the roof......Big oil is still gouging hard at the pumps and it eats into the cost of everything ......Credit card companies are making billions off of late fee''s alone....not to mention rates up to 29%...after getting loans from the government at 1/2 to 1 %.....how is that helping the economy?...It isn''t, it just causes more strain where it is needed the least...the middle class.Greedy basturds.

[nothappyatall]

Why were busboys anf gardeners given those home loans again?

Posted by surreal64

Because they had JOBS, a steady work history, lived int heir residence for at least 3 years, never had a bankruptcy or collections action etc etc, THEN they LOST their jobs OR a sudden medical bill wiped them out.

[debinok1]

I saw this coming for years. Saw house prices in my area skyrocket. Saw more and more people getting hooked on more and more credit cards. Saw wants become needs. Bigger cars, bigger houses, bigger TVs always bigger better newer something. While Bush policies made this possible, the American people made it happen. This is the by-product of credit living.

[surreal64]

Why were busboys anf gardeners given those home loans again?

[trillion1]

smt is an idiot troll. We are conservetive and he is an embaressment. We voted for Obama because Ameraca can no longer endure people like him.

[tmittelstaed]

Now the wealthy are seeing the systems they have put into effect to transfer money to themselves begin to eat into their own wealth, and they are scared. That is what this government bailout of Wall Street was all about.

[caddillackid]

I AM A REBULICAN BECAUSE WE ALL CAN''''T BE ON WELFARE. SOMEONE HAS TO WORK FOR A LIVING posted by--smt1013

First of all I would''nt tell anybody that...it''s nothing to be proud of pops, especially after your stupid cowboys leadership past eight years. Take 8 years of Clinton, 8 years of Bush...under which administration did you have the most money? So don''t go putting down anybody, if you wanna put someone down, anyone in your party will do. Your right, we cant all be on welfare, If your party stayed in power, we''d all have to be. Jerk!!

[tmittelstaed]

I am also a Democrat who pays his bills and the only debt we carry is the mortgage on our home. But I am not as foolish or boastful as some on this forum. I know our household expenses and income - and if I was out of work for a year it would severely harm us. There is nothing that separates me from a lot of people out there other than having a paycheck.
People don''t seem to understand that these days so very many jobs in the US economy are present due to structural decisions made by government. When the laws were adjusted to make it cheaper for companies to outsource labor to foreign countries then most companies did so - and the ones that refused (more than you think, by the way) were driven out of business so it didn''t matter that they may have resisted in the long run.
The only reason that today there''s interest in the government in fixing the mess is that the rich people are now seeing their own wealth starting to go away. But for the last half-century the wealthy have arranged with the government to move more and more of the nation''s wealth away from the middle class and into their pockets - they have been doing it for so long that they basically forgot that eventually the regular people won''t have anything left to take away.

[cbscrash072]

I considered letting mine slide just to see if the government would rush in to pay off my mortgage. I know a lot of people were thinking the same thing but I don''t know how many followed through with it. I wonder if any economist have considerd that people know things will get cheaper here shortly and that they can make them even cheaper by waiting out the retailers. I''ve been doing that for a while now I put all my Christmas purchases off to the last minute and saved a lot of money.

[newo2000]

Correct... "charged off" is an accounting term which has no bearing on the fact that the debt remains valid and collectible... bankruptcy laws were amended, but they still work fine... call your local bankruptcy lawyer for the help you need... the good ones only are concerned with what is best for you...

[ontheleft]

Just because the debts are "written off" doesn''t mean they don''t try to collect. The debts are sold to third parties and collection agencies - where even the smallest amount is pursued in small claims court. The consumer bankruptcy laws were rewritten in 2005 and the squeeze is on for millions of Americans who will be sucked dry.

[nycgirlnaz]

Posted by nycgirlnaz at 04:44 PM : Jan 07, 2009

So, your boss is a woman? Her primary lenders are women? Women own any extant notes on you or your boss'''' business'''' assets? All of your customers are women?

Trivial pursuit, to me - I just dislike blanket statements that weep an "ism" when squeezed.


Posted by ibsteve2u at 05:00 PM : Jan 07, 2009

No - Steve - the key to my posting was and is - if we teach our daughter''s (and son''s) from an early age on that EDUCATION and learning how to live on what you earn - than - fantasies like - "A white-knight in shining armor is going to take care of you for the rest of you life c@ap..." Being self-supportive, EDUCATED and happy and then being able to share that ''independent'' self with another is key!!!

[trillion1]

Hundreds of billions to the wealthy, not a dime for the working Americans. This is the GOP bible. The Dems just got control of congress and the WH so blaming them for all the GOP mess ups is laughable.

[renonv5]

Late Loan Payments Hit Record High

I guess they better get used to that, no sympathy here. All those billions given to banks everywhere should have cancelled out all those loans. Let''s just start from scratch.............

[bigboy1069]

I AM A REBULICAN BECAUSE WE ALL CAN''T BE ON WELFARE. SOMEONE HAS TO WORK FOR A LIVING

[missingamerica]

I learned very early in life not to depend on any MAN for money EVER - something most parent''s do not teach their daughter''s!!!! Thank God - my mother taught her five daughter''s differently!!!!

Posted by nycgirlnaz at 04:44 PM : Jan 07, 2009

So, your boss is a woman? Her primary lenders are women? Women own any extant notes on you or your boss'' business'' assets? All of your customers are women?

Trivial pursuit, to me - I just dislike blanket statements that weep an "ism" when squeezed.

[simplemind2]

Hummmm - I wonder what''s the big deal here? With the latest US Economic woes - home foreclosure, job losses...etc - this article stated "Late Loan Payments" - seems
to me "better late than never"! We spend 3 Billions - i.e. 3,000,000,000.00 US tax-payers'' hard-earned money EVERY WEEK in Iraq to RE-BUILD that country. After Iraq
becomes prosperous - THEN maybe it will become our turn! In the meantime, tighten your belt and keep your dream alive!

[nycgirlnaz]

Posted by nycgirlnaz

I''''d also guess your a braggart and maybe even a liar, too. That is unless mommy and daddy got you where you are. If such is the case, then you don''''t need to bragging about it.


Posted by renrivers at 04:30 PM : Jan 07, 2009

Another Repuk that cuts and pastes previous comments to fulfil their OWN need while removing the original post... Wasn''t bragging - was responding to an IDIOT who claims that ALL Democrats do not pay their bills!!!! I got all my money through WORKING by tail off for years - nobody GAVE s#it to me - I never took a hand out from anyone - I WENT TO COLLEGE AND GOT A DEGREE IN A FIELD THAT PAYS A DECENT WAGE!!!! I learned to live within my means and SAVE for a rainy day - but most importantly - I learned very early in life not to depend on any MAN for money EVER - something most parent''s do not teach their daughter''s!!!! Thank God - my mother taught her five daughter''s differently!!!!

[missingamerica]

Yes I believe the stuff I say. I also believe you are lying because no liberal pays their bills on time.

Posted by lady_organs at 03:47 PM : Jan 07, 2009

Now THERE is a stellar example of an inability to judge creditworthiness.

Methinks lady_organs has a future with fannie mae.

[Renegade.Rivers]

I own my house, have ''''0'''' credit card debt - 30K in CASH in the bank just for emergencies, 401k not as good as it once was but still better than most and a FICO of 786.... and I am a well educated DEMOCRAT!!!!

Posted by nycgirlnaz

I''d also guess your a braggart and maybe even a liar, too. That is unless mommy and daddy got you where you are. If such is the case, then you don''t need to bragging about it.