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| User Info | LA area banks say "Pay what you can".........WOW!; entered at 2007-12-01 16:31:12 | |||
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Pika-steph Posts: 51463 Registered: 2007-09-11 Live Free Or Die; US Army Est. 1775 
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Ail - yeah, they were. Saw one last week. However, what the average sucker doesn't know is if you pay the minimum you end up with a neg-am. If you pay the mid-range payment, you are paying interest only. Only the most hefty elected payment will actually start paying down your loan. Who the hell is going to make the 'big' payment....especially if they got the loan knowing the lowest one was the only one they could afford. Besides...it doesn't really matter what they're advertising right now - any of them - no one is being qualified. No loans are being written. They're just sitting on a bunch of applications. 2007-12-01 16:31:12
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