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The last time the housing market was this bad, Congress set up the Federal Housing Administration. Americans raced to aggressive lenders, seduced by easy credit and loans with no upfront costs. But the subprime mortgage market.
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It started with paying $2,600 down and getting saddled with a high-interest loan on a car worth $5,200. “They were quick and easy and didn’t give me a hard time with my credit.” At the time, her credit score was about 560 because.
In fact, so much has changed in the loan application world that it’s worth reviewing key milestones, as well as what could be coming down the pike. [See: 25 Fast. credit you’re granted. (iStockphoto) Excessively swiping your card.
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But not all of it; just the “bad” debt. Not all debt is bad: The types of debt that have lower interest rates and that can help you build a solid foundation for your life and your earnings power — such as student loan. so easy to run up.
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