Comments for Insurance News - Net -> Top Insurance Stories http://www.insurancenews-net.com Insurance News Net-Only Top insurance Stories of the Day Mon, 16 Nov 2009 16:47:26 -0600 http://wordpress.org/?v=2.8.4 hourly 1 Comment on U.S. Turns Screws on Bailed-Out GMAC by Janet Camp http://www.insurancenews-net.com/u-s-turns-screws-on-bailed-out-gmac/comment-page-1/#comment-5 Janet Camp Mon, 16 Nov 2009 16:47:26 +0000 http://www.insurancenews-net.com/?p=353#comment-5 So much for their ad promise that they will not draw you in with "teaser" rates. There is a larger, somewhat moral issue here. If people with lower scores cannot get any credit, they will be reduced to a permanent underclass. It seems the whole issue of credit scores and what they truly mean should be looked at. If someone has gone bankrupt due to medical bills, but still has a job and pays rent or mortgage and utilities on time, should he/she be denied a car? So much for their ad promise that they will not draw you in with “teaser” rates.

There is a larger, somewhat moral issue here. If people with lower scores cannot get any credit, they will be reduced to a permanent underclass. It seems the whole issue of credit scores and what they truly mean should be looked at. If someone has gone bankrupt due to medical bills, but still has a job and pays rent or mortgage and utilities on time, should he/she be denied a car?

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