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Our topic for today: Can we get beyond Grid Lock?
Tune in at 11am on Periscope.
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thevoiceofjoyce
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The voice of Joyce: Periscope @11am Can we break Congressional Gridlock?
Often within this situation, in which credit being suddenly
stop has been triggered by a late payment on a free account, the client
could experience decreased and belittled.
Hi there. Thank you for sharing . Would you please explain ? what is a free account? How can you be late in it’s payoff ? Unless , you mean , accounts that have no interest for 5 yrs Then when the account is due , it may have a balloon payment , rather then monthly payments plus interest rates . Apparently, the burden of understanding every document is on the consumer. We have to fully understand our fiduciary responsibility. Unfortunately, there is no burden of responsibility on the lender or the rating agency. There should be fiduciary responsibility on their sides. First to assure that the customer knows what they are signing . Then the rating agency, should maintain proper records and be required to act in a fiduciary manner on the people’s behalf.
I look forward to your response and explanation. Thank you for commenting.
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