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With Things So Bad In The Economy…

By Kleinheider Posted on September 30, 2008 at 10:47 am

…why is this happening:

You know what I got in the mail yesterday? An offer from my credit card company, for a $50,000 unsecured personal loan. Did you catch that? Unsecured. That amount of money would require me to make the equivalent of another mortgage payment to repay them. That offer came as a result of our credit rating, and we would never think of taking them up on it, but many Americans, faced with hardship, or even inconvenience would jump all over it.

I also watched quite a bit of TV yesterday, and i can’t tell you how many DiTech ads i saw. Refinance. Consolidate. Lower your payments. Is it any wonder the average person thinks everything is peachy keen?

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Comments

One Responses to “With Things So Bad In The Economy…”

  1. Cyndie Todd writes
    September 30th, 2008 6:26 pm

    $50,000 in unsecured credit? Oooh, Kleinheider, that’s pretty sexy. Makes me think that credit is going to be the new “list” item in the singles scene - “I’m looking for a man with a five-figure line of unsecured credit.”

    “…but many Americans, faced with hardship, or even inconvenience would jump all over it.” So what? Just because they jump all over it doesn’t mean they are going to get it. Which, btw, could apply to you, too. But this statement smacks of paternalism.

    And how can you blog so prolifically AND watch t.v. at the same time? What a busy little bee you are!

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