Perhaps many of them are starting to realize the mortgage and rent forebearance isnt going to last forever.
At some point they will have to make up the payments (not happening) or move (more likely).
Posted Using LeoFinance Beta
You are viewing a single comment's thread from:
Lol. I think our society will be messed up by the amount of people filing for bankruptcy and I wonder how our credit system will look after all these people default.
Posted Using LeoFinance Beta
Yeah well the credit system I think went out the window years ago. I dont think anyone gets turned down. Instead, they just get approved by at a higher rate. That is where all this subprime crap comes in.
Look at auto loans, go into a car dealership and everyone gets approved.
I guess they can charge a high enough rate of interest to overcome the bad loans they have to write off...or more likely they sell the loans so they dont care what happens to them.
Posted Using LeoFinance Beta