Comments on: There’s A Reason Refis Aren’t Getting Any Attention http://blog.hsh.com/index.php/2009/10/theres-a-reason-refis-arent-any-getting-attention/ Things you should know about consumer news and finance. Thu, 09 Feb 2012 13:21:21 -0800 http://wordpress.org/?v=2.8.5 hourly 1 By: Tim Manni http://blog.hsh.com/index.php/2009/10/theres-a-reason-refis-arent-any-getting-attention/comment-page-1/#comment-152841 Tim Manni Fri, 25 Jun 2010 17:09:59 +0000 http://blog.hsh.com/?p=6539#comment-152841 Candy, Congrats! Candy,

Congrats!

]]> By: Candy Small http://blog.hsh.com/index.php/2009/10/theres-a-reason-refis-arent-any-getting-attention/comment-page-1/#comment-152791 Candy Small Fri, 25 Jun 2010 16:05:38 +0000 http://blog.hsh.com/?p=6539#comment-152791 The Home Affordable Modification Program or HAMP lowered my interest rate to 2%. Now my kids are going to be able to grow up with a backyard. The application was so confusing then my neighbor’s husband filled it out with me & I was approved in 28 days. The Home Affordable Modification Program or HAMP lowered my interest rate to 2%. Now my kids are going to be able to grow up with a backyard. The application was so confusing then my neighbor’s husband filled it out with me & I was approved in 28 days.

]]> By: Tim Manni http://blog.hsh.com/index.php/2009/10/theres-a-reason-refis-arent-any-getting-attention/comment-page-1/#comment-30737 Tim Manni Tue, 27 Oct 2009 16:32:09 +0000 http://blog.hsh.com/?p=6539#comment-30737 Hey Mitch, "Something we learn about people is that when they hear that others are having problems, they stop trying." -- that's a really interesting point, I never heard that. To your point on credit scores, I just read on the blog "Get Rich Slowly" that "A 2004 U.S. PIRG survey showed that 79% of credit reports contained either serious errors or other mistakes of some kind." Those errors could cripple your score! Nice addition to the story, thanks, Tim Hey Mitch,

“Something we learn about people is that when they hear that others are having problems, they stop trying.” — that’s a really interesting point, I never heard that.

To your point on credit scores, I just read on the blog “Get Rich Slowly” that “A 2004 U.S. PIRG survey showed that 79% of credit reports contained either serious errors or other mistakes of some kind.” Those errors could cripple your score!

Nice addition to the story, thanks,
Tim

]]> By: Mitch http://blog.hsh.com/index.php/2009/10/theres-a-reason-refis-arent-any-getting-attention/comment-page-1/#comment-30643 Mitch Tue, 27 Oct 2009 01:37:26 +0000 http://blog.hsh.com/?p=6539#comment-30643 I think there's another big reason why refi's haven't worked out. Banks just weren't giving up the money, that's why. Earlier this year, even people with very high credit scores were being rejected for stupid reasons. Something we learn about people is that when they hear that others are having problems, they stop trying. Then when the banks got called on the carpet by the government, they said they weren't getting a lot of qualified applicants. That's also how racism works in business, by the way. That's also why I've said that I believe credit scores have to go, because they don't seem to mean almost anything anymore. I think there’s another big reason why refi’s haven’t worked out.

Banks just weren’t giving up the money, that’s why. Earlier this year, even people with very high credit scores were being rejected for stupid reasons. Something we learn about people is that when they hear that others are having problems, they stop trying. Then when the banks got called on the carpet by the government, they said they weren’t getting a lot of qualified applicants. That’s also how racism works in business, by the way.

That’s also why I’ve said that I believe credit scores have to go, because they don’t seem to mean almost anything anymore.

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