“lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.”

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“lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.”

Seacrest Offline

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#34

09-22-2008, 10:03 PM

DaveS wrote:

But he decides the following Christmas to spend more than he should, goes on vacation, etc. and is back up to $5,000 and a payment he can not afford. He's back to square one - in debt for more than he can afford.

Ain't the banks fault. The bank can not control how much OTHER credit a borrower decides to use. The bank was not irresponsible, the borrower was.

I am no expert in high finance, but weren't these kinds of situations already accounted for in the calculations of credit scoring systems and other risk-assessment models?

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“lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mikeylikesit - 09-21-2008, 10:18 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Black Landlord - 09-21-2008, 11:22 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mikeylikesit - 09-21-2008, 11:31 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mstudio - 09-21-2008, 11:54 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mikeylikesit - 09-21-2008, 01:22 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mikeylikesit - 09-21-2008, 01:23 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Lux Interior - 09-21-2008, 01:31 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by rgG - 09-21-2008, 02:38 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Seacrest - 09-21-2008, 03:54 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by DaveS - 09-21-2008, 04:05 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Wags - 09-21-2008, 04:42 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Black Landlord - 09-21-2008, 10:09 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Black Landlord - 09-21-2008, 10:10 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mattkime - 09-22-2008, 01:08 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by MacMagus - 09-22-2008, 02:45 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Black Landlord - 09-22-2008, 03:19 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by vision63 - 09-22-2008, 05:35 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mikeylikesit - 09-22-2008, 06:08 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by vision63 - 09-22-2008, 06:18 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Black Landlord - 09-22-2008, 06:24 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by vision63 - 09-22-2008, 07:10 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mikeylikesit - 09-22-2008, 07:15 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Lux Interior - 09-22-2008, 08:01 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mikeylikesit - 09-22-2008, 08:46 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mattkime - 09-22-2008, 11:31 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by billb - 09-22-2008, 12:20 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mikeylikesit - 09-22-2008, 12:37 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Lux Interior - 09-22-2008, 01:30 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by rgG - 09-22-2008, 02:02 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Lux Interior - 09-22-2008, 02:08 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Black Landlord - 09-22-2008, 02:26 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by DaveS - 09-22-2008, 03:48 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by mattkime - 09-22-2008, 07:57 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Seacrest - 09-22-2008, 10:03 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by DaveS - 09-22-2008, 10:55 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Black Landlord - 09-23-2008, 03:41 AM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by Seacrest - 09-23-2008, 08:49 PM

Re: “lax lending practices earlier this decade led to irresponsible lending and irresponsible borrowing.” - by vision63 - 09-23-2008, 11:58 PM

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