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Employment Law – How to Make it Work for You in a Recession!

4 Responses to “Employment Law – How to Make it Work for You in a Recession!”

1. tooheysextradry says:

   March 6, 2010 at 4:33 am

   Should the government make the bad credit go away for those who pay their bills? Considering recession.?
   If people had their bad credit wiped it would make more employment for the building trade cause people with jobs could get loans for houses and good for banks too especially for those who didnt have a chance before due not being able to work such as young children but kids now grown up but parents still young enough to work for long enough to buy a house.
2. Tom Z says:

   March 6, 2010 at 9:35 am

   Those who pay their bills don’t need to have their "bad credit go away" because they have good credit already..
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3. Beetle in a Box says:

   March 6, 2010 at 9:37 am

   This would not have the effect you would like it to have. If all negatives were wiped off of people’s credit reports lenders would be freaked out because they would not know who had a history of missing payments and who really had good credit. They would end up tightening lending practices across the board even more. Even fewer people than can currently would be able to purchase a house.

   This would not be good for banks, it would be crippling. And it wouldn’t be good for individuals either. The government should stay out of people’s business decisions.
   References :
4. eskie lover says:

   March 6, 2010 at 9:39 am

   Rewarding bad behavior is what got us into this economic meltdown in the first place. Financial institutions lent money to those with bad credit, low fico scores and irresponsible treatment of the credit they already had. Those people defaulted and the rest of us who were paying our bills, not living beyond our means, not borrowing more than we could afford to pay back, not buying more house than we could afford nor speculating on the value of the home we lived in paid for their mistakes. We’ve been there and lent money to those with bad credit as if they didn’t and see where that got us?
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