To Pay or Not to Pay? How to Handle Old Debts
Date: Jul 11 2012
Filed under: Credit
It’s the perfect Catch-22. Because of the lingering foreclosure crisis and the nation’s stagnant economic recovery, the Federal Reserve is holding interest rates at near-record lows, making right now the perfect time to get a mortgage.
But also because of continued problems in the mortgage industry and the economy as a whole, banks are more risk-averse than they’ve been in decades. Which makes it difficult for nearly everyone but those with sterling credit to actually succeed in getting a…
To Pay or Not to Pay? How to Handle Old Debts originally appeared on DailyFinance.com on 2012-07-11T05:25:00Z.
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