Discuss credit card debt: high interest rates, delinquencies

I always find it amazing at how much money the credit card companies are able to make on the interest and fees. I look at the settlements that the credit card companies are able to do receiving only 40% of the balance. It shows how much they are able to make that they can afford to settle for a small percentage that is probably around the original purchase price on many of the items. Explain

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... statement before the investor will make a determination about whether the individuals are a good risk to make their payments.

If you were applying for a commercial loan, your bank would require independent financial statements in addition to the verification and analytical procedures. In both case (home loans and commercial), the interest rate will be affected by the quality of the collateral, the amount of equity in the entity and the credibility of the ...