Ghetto Banking (Bank of Frank and Wells Fargo)

I recently took a friend to buy a car. Went into the ghetto car dealer’s office to find out about financing a loan for the car, they ran her credit and it came back approved by some ghetto bank that wanted to charge a financing fee. The sales manager told us he would find a better loan and he picked up the phone; he explained the situation, listened, and hung up. He turned to my friend and said that Frank would carry the loan if she paid sticker price. We left.

A few hours later over at Wells Fargo she was turned down with above average credit for a loan of three thousand dollars. The loan officer seemed very surprised; he thought it was no big deal. I’m scared, I had no idea the loanable funds market was so contracted that above average credit micro loans were considered subprime. Is Wells Fargo next?

Advertisements

1 Response to “Ghetto Banking (Bank of Frank and Wells Fargo)”


  1. 1 serviced apartments in chennai anna nagar September 29, 2014 at 9:47 pm

    Make your stay in Paris perfect by choosing luxury hotel as
    your accommodation. Today, the city is making a concerted effort to position itself as a global energy hub
    with the Energetica project, a 750m energy
    and technology scheme which is predicted to generate
    an estimated 500m annually. Are you thinking of buying
    property in London as a pied a terre or an investment property in London. They
    also feel that they can move more freely as if they are
    in their own homes while enjoying some of the things that only hotels usually offer.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Action is Everything

Total Commitment
Accept No Excuses
Never Surrender - Never Relent
Resist Ignorance
Survivability is Security
More is Never Enough
You Are What You Do
More and Faster
Self Sufficient Is Inefficient


a


%d bloggers like this: