tag:blogger.com,1999:blog-4558409694297595460.post8381187167183714247..comments2023-07-25T11:48:08.974-04:00Comments on Detroit Mobile Notary Signing Agent Blog - Notary Tips & News: Here's What's Really Wrong With The Mortgage IndustryUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4558409694297595460.post-29548252394939562452008-07-11T09:30:00.000-04:002008-07-11T09:30:00.000-04:00I couldn't agree more, Alex. I tried to buy a tv o...I couldn't agree more, Alex. I tried to buy a tv on credit years ago. I couldn't get approval since I had no active accounts on credit. I had put a freezer on credit but it was paid off. Items that have been paid off are of no relevance. They want to see items that you are paying on. Not items you have successfully paid off. <BR/><BR/>My father owns three farms. In his older years, he decided he wanted a cell phone. The company told him he would have to pay a deposit of $500 because he had no credit history. Of course, he was totally shocked. <BR/><BR/>Our system is totally backward. Promoting the use of credit instead of saving until you have the money to purchase and item and giving more credit to those who are already to far in debt.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4558409694297595460.post-82827509549291785072008-07-10T15:42:00.000-04:002008-07-10T15:42:00.000-04:00Well put! I have suspected for some time that ther...Well put! I have suspected for some time that there is little intelligent life in the banking industry. <BR/><BR/>I have done private money lending which is based on the value of the collateral. I'll take solid assests over established (potentially excessive) credit lines any day.Anonymousnoreply@blogger.com