What Is Going On - Club Cobra

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#1 (permalink)

10-22-2008, 11:18 AM

Ron61

Senior Club Cobra Member

Join Date: Dec 2001

Location: Shasta Lake, CA

Cobra Make, Engine:

Posts: 26,615

Not Ranked

What Is Going On

I thought that with the mess the country and banks are in, these pre approved credit cards and the no qualification loan stuff was supposed to end. So far just this month I have received 3 pre approved credit card applications which went into the shredder and 4 reverse mortgage letters, the last one this morning from BOA. I thought that just loaning out money with no credit rating needed was part of the problem. Would one of you financial people explain what I am missing in all of this please?

Thanks,

Ron

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