Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
the great recession of 2008
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="spitin venom" data-source="post: 6331119" data-attributes="member: 48734"><p>I see credit reports all day. 2-3 years ago most of the credit reports I saw were over 630. In the last 8 months the average credit is in the high 400's. It is bad. People are losing there houses at a record pace. They are also using credit cards to pay bills. When the credit card is maxed they move on to another one. It is a vicious cycle. I just read a report that people are pulling money out of their 401ks' at a record pace to try to get there heads above water. I am located in Los Angeles which is getting killed at the moment. You can't expect houses to more than double in value in a couple years and have people pull money out of them and not have a bad negative effect. It is really bad and going to get worse.</p></blockquote><p></p>
[QUOTE="spitin venom, post: 6331119, member: 48734"] I see credit reports all day. 2-3 years ago most of the credit reports I saw were over 630. In the last 8 months the average credit is in the high 400's. It is bad. People are losing there houses at a record pace. They are also using credit cards to pay bills. When the credit card is maxed they move on to another one. It is a vicious cycle. I just read a report that people are pulling money out of their 401ks' at a record pace to try to get there heads above water. I am located in Los Angeles which is getting killed at the moment. You can't expect houses to more than double in value in a couple years and have people pull money out of them and not have a bad negative effect. It is really bad and going to get worse. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
the great recession of 2008
Top