Comments on: More Credit Failures, Is The Recession Winning? http://www.cambirch.com/more-credit-failures-is-the-recession-winning/ Thoughts about Business, Finance and all things interesting Sat, 14 Jan 2012 04:08:13 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Cam Birch http://www.cambirch.com/more-credit-failures-is-the-recession-winning/#comment-106 Cam Birch Tue, 30 Jun 2009 19:42:35 +0000 http://www.cambirch.com/?p=293#comment-106 Credit reporting agencies just collect facts, they don't actually create the credit score numbers that you see bandied about. I think over the next while we will see a temporary override of the typical credit score calculation to try to skip the recent credit problems and give a more accurate view of a persons ability to handle credit. If that happens it should help to push some credit out there right now. Moving forward I hope to see a real refresh and reboot of the foolish investment decisions that created this mess. I am less certain that the financial world will actually change though. They have too much pull on the government to be easily forced into changing. Credit reporting agencies just collect facts, they don’t actually create the credit score numbers that you see bandied about. I think over the next while we will see a temporary override of the typical credit score calculation to try to skip the recent credit problems and give a more accurate view of a persons ability to handle credit. If that happens it should help to push some credit out there right now.

Moving forward I hope to see a real refresh and reboot of the foolish investment decisions that created this mess. I am less certain that the financial world will actually change though. They have too much pull on the government to be easily forced into changing.

]]> By: Jay Adkins http://www.cambirch.com/more-credit-failures-is-the-recession-winning/#comment-105 Jay Adkins Tue, 30 Jun 2009 19:01:32 +0000 http://www.cambirch.com/?p=293#comment-105 This economy sure is crazy for everyone. Layoffs are on the rise and the banks are dropping like flies. The entire credit system needs to be refurbished in my opinion. Millions of people now have bad credit due to the economy and that doesn't help people when they need to make purchases and help out small businesses. I think the three major reporting agencies need to lower standards on credit scores and bite the bullet so that more people can get credit when it's needed the most..right now This economy sure is crazy for everyone. Layoffs are on the rise and the banks are dropping like flies. The entire credit system needs to be refurbished in my opinion. Millions of people now have bad credit due to the economy and that doesn’t help people when they need to make purchases and help out small businesses. I think the three major reporting agencies need to lower standards on credit scores and bite the bullet so that more people can get credit when it’s needed the most..right now

]]> By: Jackie Chia http://www.cambirch.com/more-credit-failures-is-the-recession-winning/#comment-100 Jackie Chia Thu, 25 Jun 2009 12:24:47 +0000 http://www.cambirch.com/?p=293#comment-100 Simple,but great. Simple,but great.

]]> By: Cam Birch http://www.cambirch.com/more-credit-failures-is-the-recession-winning/#comment-46 Cam Birch Sat, 13 Jun 2009 17:44:25 +0000 http://www.cambirch.com/?p=293#comment-46 No, I get others to take my pictures for me. No, I get others to take my pictures for me.

]]> By: mehdi http://www.cambirch.com/more-credit-failures-is-the-recession-winning/#comment-45 mehdi Sat, 13 Jun 2009 10:58:07 +0000 http://www.cambirch.com/?p=293#comment-45 Lol, are you really burning that note? Lol, are you really burning that note?

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