To: FreePaul
You are probably correct, unless you are a chronic bad check writer. One of my former employees started receiving "pre-approved and guaranteed" auto loans while still in court waiting for his Chapter 7 discharge, (medical issues), telling him he can be driving a new car at discharge! Within 30 days of his discharge he was receiving preapproved unsecured Visa & Mastercard offers.
This was after the recent bankruptcy regulation overhaul! Unbelievable.
To: bigfootbob
FreePaul,
Of course banks will send recently discharged debtors those preapproved offers...they know the guy can't file BK for another 7 years!
14 posted on
03/04/2006 8:18:51 AM PST by
TampaDude
(If you're not part of the solution, you're part of the PROBLEM!!!)
To: bigfootbob
Within 30 days of his discharge he was receiving preapproved unsecured Visa & Mastercard offers. This was after the recent bankruptcy regulation overhaul! Unbelievable. Why? People who are debt free and unable to apply for bankruptcy for several years are good risk.
36 posted on
03/04/2006 3:18:36 PM PST by
A. Pole
(Lord Palmerston: "Nations have no permanent enemies or allies only permanent interests")
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