crisis loan who qualifies?
i recently applied for a crisis loan,and was refused due to the advisor not beleiving what i said,i have been unemployed for 8 months,previously i have worked for the last 12 years,but was made redundant,i never claim a penny from the benefits while i was looking for work but things didn’t work out so after 5 months living of my savings, i had to go sign on,i applied for a crisis loan due to having lost some money,i only applied for 35 pound for a week for food eletric gas,and this is the gods honest truth,the advisor said she would have to refuse my application due to someone in my situation not having much money and being so careless to lose what little i have,basically she was saving she did not beleive me,as i saw it she was calling me a lier,i promtly when down to my local job center and faxed a letter of appeal,after they received my letter(in which i explained i dont take kindly to people calling me a lier) they said they reviewd my situation and offered me the loan,i refussed the loan and told them i just want all the corepondence details of my application sent to me so i can launch a formal complaint,truth is i would rather be skint not gas etc than be humaliated,but it does make me ask who does qualifie for a crisis loan,i worked for 12 years paid a average of £130 a week tax and soon as you need help,im at the bottom of the pile,fingers crossed i get a job soon this is not the life for anyone
i was in a bit of a rant then and maybe did not explain correctly,i have been unemployed for 8 months but claiming benefit for 3 months,it was the 0800 number i phoned on hold for about 40 mins then someone took all my details was completetly honest,told them what money i had gas electic on emergency and would not last more than the next day etc…but was refused
yes peek i worked 12 hour shifts(and your right my spelling is terrible)but i didnt need to be that bright to work in a warehouse
You obviously weren’t in that much of a ‘crisis’ if you refused the loan. And with spelling like that I also highly doubt you were in a job with £130 a week tax
Stock Market Crashing, Economic Crisis, who will save us?
Will it be McCain, who supports Bush policies of laissez faire, and let the market fall, it will correct itself eventually.
Or will it be Obama, who supports a policy of aggressive regulation of banks, stocks and loan procedures. Since the US taxpayer insures banks, they need to have more oversight to avoid the crisis we are in today. Will Obama’s plan save us?
Who will save us?
As of 4pm EST, the US stock market closed down 504.48 points. Analysts believe this is the beginning of downward spiral. Bush has really messed up the country. We do have a choice. McCain, a Bush follower, or Obama, who will probably use Clinton economic advisers.
Apparently the Bush plan is to use China, Russia and the Arab states to keep us afloat.
McCain will follow suit.
Obama wants to keep the US free from foreign financial assistance and intervention.
Which is the better path?
According to this Yahoo Finance report, you should consider your money UNSAFE in some banks.
Thanks Bush and McCain!
So is the GOP solution, pull your money out of the banks and stuff it into your mattress?
Wonder how these McCain supporters will feel if they can not make a bank with -drawl ?Happened not too long ago in CA.
And YES I AGREE WITH OBAMA 100%
How many of you remember the Keating Five in the 1980’s saving loan failures? ?
McCain was one of them…
From Wikipedia, the free encyclopedia
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators, Alan Cranston (D-CA), Dennis DeConcini (D-AZ), John Glenn (D-OH), John McCain (R-AZ), and Donald W. Riegle (D-MI), were accused of improperly aiding Charles H. Keating, Jr., chairman of the failed Lincoln Savings and Loan Association, which was the target of an investigation by the Federal Home Loan Bank Board (FHLBB).
After a lengthy investigation, the Senate Ethics Committee determined in 1991 that Alan Cranston, Dennis DeConcini, and Donald Riegle had substantially and improperly interfered with the FHLBB in its investigation of Lincoln Savings. Senators John Glenn and John McCain were cleared of having acted improperly but were criticized for having exercised “poor judgment”.
McCain and Keating had become personal friends following their initial contacts in 1981. Between 1982 and 1987, McCain had received $112,000 in political contributions from Keating and his associates. In addition, McCain’s wife Cindy McCain and her father Jim Hensley had invested $359,100 in a Keating shopping center in April 1986, a year before McCain met with the regulators. McCain, his family, and their baby-sitter had made nine trips at Keating’s expense, sometimes aboard Keating’s jet. Three of the trips were made during vacations to Keating’s opulent Bahamas retreat at Cat Cay. McCain did not pay Keating (in the amount of $13,433) for some of the trips until years after they were taken, when he learned that Keating was in trouble over Lincoln.
My opinion: People who believe that McCain has sound judgement and is a great reformer should take another look. Do you really want him handling the current mortgage crisis.
I am not supporter of canidate. I will vote for the lesser of the evils.
All politicians lie and say what they think will get them elected. I am not wearing rose colored glasses. Just looking at facts.
Only serious answers please. I am not looking for immature insults or caddy comments.
Technically McCain was found to have played a minimal roll in the scheme and the senate ethics committee felt that it was to minimal to charge in. So therefore, he was involved. Just not as deep as 3 of the others. John Glenn also had a minimal roll in the scheme and was not charged.
Basically McCain and Glenn were acquited do tp lack of evidence, not found innocent. There is a big difference.
McCain also attended the meeting with the federal regulators and the other senators involved to put pressure on the regulators and help his friend.
Doesn’t appear to be squeaky clean to me and to many of people who were effected by the crisis.
Not voting at all is also letting the worse of the evils win…
Yes, I remember the Keating Five (nice write up too).
McCain escaped with a slap on the wrist from the Republican committee — no surprise there.
Why sovereign debt crisis did not happen in United States?
US has a big deficit,why the government of US still work very sound?
question 2: does a fixed exchange rate is a kind of manner against market economy? you know the foreign exchange rate are determined by supply and demand,but a fixed exchange rate seems is an intervention from government,but who will decide? for example,a fixed exchange rate between Hong Kong dollar and US dollar is determined by Hong Kong government or US government? or both government?
question 3: what is institutional environment?
question 4: why call dividend? (is there anything you divide it from?)
dividend: Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be paid to the shareholders as a dividend. Many corporations retain a portion of their earnings and pay the remainder as a dividend.
please explain its etymology
question 5: what is cookie cutter model in business?
question 6: why call due diligence as “due diligence”?(is there something you due or owe which you need to work hard for?)
question 7: NASDAQ composite is a technology heavy index,I want to know how about Dow Jones index? and S&P 500? and FTSE 100 index?and why people would like to make an index? not directed see the whole stock exchange performance?
question 8: what does interest rate increase by federal reserve mean?(I can understand interest rate by a loan or saving,but how about federal reserve?)
Because it’s the worlds reserve currency. The US sovereign debt crisis has only been delayed. Wait and see.
Which of the current Presidential candidates was a member of the Keating Five?
The Keating Five were Senators who received campaign contribution from a man who bilked the US taxpayers out of $3.4 billion during the saving & loan crisis.
But there is no evidence that Obama was a muslim, there was evidence McCain took money from Keating.
And those Democratic Senators are not in the Senate anymore, and they aren’t running for President.
“Between 1982 and 1987, Keating had steered $1.4 million in campaign contributions and gifts to the five senators. McCain had received $112,000 of that, along with nine trips on Keating’s jets to the Bahamas and elsewhere”
McCain – but don’t forget, he’s forgiven because he knows nothing about the economy.
Powered by Yahoo! Answers