Subprime Lending - For People With Poor Credit Scores


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Would You Approve YOUR Loan….with YOUR Bad Credit Rating?

Would you approve your own loan if you were the loan officer reviewing your application?

Ask yourself this question if you have been denied for funding recently. Take a good close look at your finances, your payment record, your monthly income, and your monthly debt load. Most potential borrowers who have poor credit ratings rarely do this.

It’s a problem. When you have a shoddy credit rating and you keep applying for loans hoping that some bank (ANY bank) will finally take a chance on you, it damages your credit even further.

Here at OLF we recommend that applicants who have poor credit ratings, stop and take a long honest look in the mirror. Ask yourself if you would ever approve your own loan if you worked for a bank and were tasked with making a decision on your approval. If you have a FICO score less than 650, I think you know the answer.

You’re risking personal bankruptcy if you keeping down the same path you have been on for all these years.



It’s time to STOP spending. It’s time to start earning. It’s time to scale bank your lifestyle and get rid of the expensive toys you don’t really need. It’s maybe time to quit smoking, quit drinking, quit shopping just for the sake of shopping. It’s time to stay home and not a take an out-of-town vacation. It’s time to go cold turkey and get your finances under control.

Self awareness is the KEY to life all round, and it’s NO DIFFERENT when it comes to debt.

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2 Responses to “Would You Approve YOUR Loan….with YOUR Bad Credit Rating?”

  1. 2
    admin Says:
    November 23rd, 2011 at 8:22 am

    I agree actually. The FICO number or “credit score” evaluation used by lenders doesn’t seem fair, and of course to the banks, we (consumers) are indeed just “numbers”. But that is the way it is, and why would it be any different…..money is of course the “root of all evil”.

    One thing for sure though. NOBODY is a “loser” because their credit score is bad. That is ridiculous. Don’t listen to collection agencies who tell people that they are “losers”, because as far we can see, those are the only people on the planet who think people who can’t pay their bills are “losers”. Collection agency employees are by-and-large scum of the earth (at the very least, extremely disconnected from love and compassion).

    Money has nothing to do with being a human being. A bank account balance is just a human invented “number” dreamed up by the banking industry.

    If you want to understand the reality of how money and debt works, please watch this video ALL THE WAY THROUGH;

    http://www.youtube.com/watch?v=1gKX9TWRyfs

  2. 1
    Sandy Says:
    November 21st, 2011 at 11:10 pm

    I have to respond….Some people truly hard working honest people that are given a second chance with a loan may be your best customers. People that look at numbers and not a person are the worst possible people to work with. There are honest people with honest problems that only need a second chance. But a number cruncher can never see that. I am a firm believer in looking at the person and not the numbers! OMG, what is this world coming to – your credit score sucks so you are a loser? Think about that! My belief is in the person not the number!

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