Number of Banks Not Making TARP Payments Skyrockets!
How good are things out there?
It generally isn’t a good thing when you accept the offer, of whoever is holding your note, to skip a payment for a month. This is a very common tactic for credit card companies and even came into the mortgage market a bit near the peak. Interest still accrues.
There are many who will not have a problem with ‘catching up’ the next month, but it came with a cost. There are also those who are in serious trouble and using this as a last ditch prior to bigger problems.
There are some big names on the list. AIG… big surprise (of course not). Citizens… I though that they were doing OK. Perhaps not.
It is generally never a good idea to put something off like this.
Yow! Number of Banks Not Making TARP Payments Skyrockets!.
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