Quote:
Originally Posted by claytonender
Would I dare suggest that banks are bent  .
As I said before I don't really know enough detail about the US situation, other than US banks lent to people that they knew would never be able to pay off their mortgage debt and then sold that debt on to another bank. Selling on of debt (especially bad debt) is very common practice - there are several UK companies who buy up debts from financial institutions and then persue the debtors for that debt. They even quite often after the debt becomes statute barred (which of the top of my head I thnik and even without solid proof that the debtor signed a legally enforceable credit agrrement (or have the voice recordings to prove a verbal contract). These companies pray in people who do not know their legal rights regarding credit/loan agreements. |
Would you dare suggest that banks are bent
well you could claytonender and I think 99% of the british people would agree with you
but that don't include Fred Goodwin