What does this bailout mean for us that have no investments?

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I mean for us that do NOT have a mortgage nor do we have savings or a retirement fund as of yet or any investments at all. We only have moderate credit card debt (which we already consolidated). Will this affect us when we try to buy a house later or borrow for a student loan? Or will this bailout not have any effect on us at all?

4 Comments
  1. Reply
    KevinStud99
    April 30, 2011 at 11:54 pm

    If the bailout works as intended, it should continue to make it possible for you to get a loan in the future, and find or keep a job. The fear has been that credit has been super-tight because of the crisis, and you’d not be able to get a loan when you needed on, worse yet the credit disruptions would cause a depression and we’d all soon be jobless.

    Rather than expecting some immediate benefit, realize that the point of a bailout was to prevent an economic collapse that would affect us all. (Whether that collapse would really have occurred, or might still yet occur, I don’t know)

  2. Reply
    ianseru
    May 1, 2011 at 12:15 am

    your on the right track. And you are lucky that you are not in any deeper than you are. watch your interest rate every month, it can go up anytime they want it to. those with a 10,000 credit card limit at any time with no warning, it could get dropped to a 2,500 dollar limit. they just don’t have money to loan out. so even if you were lucky enough to get a loan, your interest rate would be so high you’d say forget it. so people can’t afford the loan to buy a house. and if your the seller you can’t afford to keep it so you give your house to the bank.
    I don’t owe anyone. but if I did need a loan or wanted to invest, i want to have this fixed. I want to be able to afford a loan.
    This rescue/bailout is going to cost every man woman and child in U.S.A. 2,500 dollars each. We will all pay this in higher taxes in the years to come.

    The real question is, if we were not spending billions to a trillion on the war would we be in this bad of shape? the USA is running short on money.It’s all connected some how.

  3. Reply
    Ed Atun
    May 1, 2011 at 12:17 am

    It won’t affect us. We will be glad that we didn’t give all our money to Bearn Stearns and AIG. In a few years, this will all pass.

  4. Reply
    Gabrielle
    May 1, 2011 at 12:54 am

    With the costs of schooling so high, many students run into trouble paying their bills and end up with bad credit. Now you may be scared into thinking you cannot complete your education! However, there is still hope for cleaning up these financial messes. You can get student loans with bad credit from the government the interest rates are low compared to other types of loans. If you go through a lender, your interest could be higher. There are different types of student loans with bad credit. . If you are an undergraduate or new student, two of the best student loans with bad credit are the Federal Perkins and the Stafford Loan. Both offer low interest for students.

    http://best-loans.awardspace.com/student-loans.htm

    Lets face it, getting a loan with bad credit is hard. You should try for one yourself first, and then if you don’t get approved, find a co-signer. These issues with credit created student loans for people with bad credit. There are different types of loans in this category, one being the signature loan. Signature loans are activated after the receipt of a signed activation letter. Such a loan does not require a co-signer or collateral like other loans. If you have bad credit or no credit, your parents can help by getting a PLUS loan to help pay your education expenses.

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