Re: A good bank comes through

Posted by JB WOOD (63.169.7.100) on December 13, 2003 at 11:09:35:

In Reply to: Re: A good bank comes through posted by JB WOOD on December 13, 2003 at 10:50:29:

IS'T INCREDIBLE THAT A NUMERICAL SCORE CAN DETERMINE A PERSONS TRUE CREDITWORTHYNESS, BUT OBVIOUSLY THE MEGA BANKS DETERMINE ONE'S LOAN APPLICATIONS ON A SCORE NUMBER & A CRYPTIC REPORT FROM ONE OF THE MAJOR CREDIT REPORTING. AN OTHERWISE "GOOD" CREDIT RISK IS USUALLY TURNED DOWN BECAUSE OF A FEW SLOW PAYS, ERRORS NOT TAKEN OFF REPORT AS REQUESTED, WHETHER RENT OR OWN HOME. THERE WAS A TIME WHEN YOU COULD ESTABLISH A PERSONAL RELATIONSHIP WITH YOUR LOCAL BANKER & HE/SHE COULD TRULY DETERMINE YOUR RISK BASED ON TRACK RECORDS & INTEGRITY/CHARACTER. BUT, BY DESIGN WELLS FARGO, BANK OF AMERICA, & OTHER MEGAS ROTATE LOAN OFFICERS BEFORE THEY CAN ESTABLISH A RAPPORT W/ BORROWERS. MAKES IT EASIER TO DECLINE LOANS OR ACCELERATE LOANS TO MATURITY, INSTEAD OF TRYING TO WORKOUT A REPMT PLAN. GLAD TO SEE A BANK ;IKE FT SILLS NATL BANK...IF ONLY MORE WOULD FOLLOW THEIR REASONABLE LENDING GUIDELINES.

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