Monday, March 17, 2008

Lenders altering rules for credit

"The loan you qualify for today might be out of reach on Tuesday.

Bankers and lenders are rapidly changing their requirements as home sales and prices plummet and delinquencies and defaults rise. Problems in the mortgage market are spilling into other lending markets as customers struggle to keep up with payments on other loans, such as auto and credit-card payments."

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Lenders altering rules for credit

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