Quote: (11-01-2012 11:37 AM)Kdog Wrote:
Quote: (11-01-2012 08:44 AM)reaper23 Wrote:
Quote: (10-27-2012 02:54 PM)BIGINJAPAN Wrote:
What makes it works is the privacy laws, banks cannot communicate with each other about a persons account information.
They very clearly can do just this very thing. In fact most agreements you sign with the banks even have cross default provisions where if you default on one loan you will be in default on another.
The banks even built an entire industry around talking to each other about your accounts. They tell each other exactly how much you owe them, when you pay and when you don't pay and they tell each other that information every single month.
Either you are full of shit 100% or you have absolutely no idea what you are talking about.
I'm not sure if you are aware or not but in different countries from your own, there are different laws and legislation.
If he is full of shit then why would he waste time typing so much info on the subject?
Easy with the trolling bud.
Why does anyone troll. He seems to have no idea about credit agencies.
Also banks loan on the lower of the sales price or their stipulated LTV with minor carve outs for up to 3 points back. All. Of. Them.
I