ANSWERS: 3
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Do you know how people (and not just poor people) get a poor credit score?
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Why give a loan to someone that you know can't pay it back? That doesn't make very good financial sense.
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Linda JoyThat's what caused the housing market to collapse in 2006. They gave loans to people they knew couldn't afford them. And when they didn't pay them back the economy collapsed.
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Archie BunkerYup. Because they wanted to be "fair" in lending. That worked out awesome.
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You loan them the money!
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