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Why can people get loans that are in debt deep?


My mom is in debt deep and takes out loans all the time to either pay the mortgage or pay off another debt. Why do loan companies allow this, except for the fact that they don't care?

But take a look at the interest rate.It's steep enough so that if some do default, they still make money.
Homeowners typically qualify for loans that non-homeowners don't. You could both have the exact same crappy FICO score but if she owns a home and you don't, then she'll qualify for a lot more than you do.
well the thing is they are making a lot of money off of the little bit that they loaned you
Hi,
I used "Credit Solution" to settle my debt.They managed to reduce my debt up to 58%.It's legitimate.I came accross this company on NBC News Special Edition.Check it out here:
http://surl.se/bwpw
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