By "bad banks" I assume you mean banks that are in financial trouble. Such banks are referred to as "problem banks" by the Federal Deposit Insurance Corporation (FDIC) which regulates banks and insures customer deposits up to specified limits.
Despite the recovery in the economy since the financial crisis there are still 467 banks on the confidential FDIC Problem Bank List as of the latest reporting period. The FDIC makes an assessment of a bank's financial condition and assigns a CAMELS rating of 1 to 5 with 5 being the worst rating. CAMELS stands for capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk.
Banks usually get into trouble by making poor lending decisions. Losses on defaulted loans can deplete a bank's capital to the extent that regulators are forced to close the bank to protect depositors.
Unfortunately, fewer banks will lend to someone with bad credit. Some of the major banks that advertise that they will give a mortgage to someone with bad credit include Paramount Equity and FHA Mortgage.
it creates chaos and disorder in this bad, bad world.
In these times it is hard to find banks that will offer mortgage quotes for people with bad credit. Try going to small local banks for this.
Because banks don't care about you. They care about money.
good guy
Bad Debts usually have a negative effect on a banks balance sheet and profitability. Bad Debt stands for loans that are granted to customers who would not repay them back. These are losses for the bank and hence all this money features as loss in the banks accounts which in turn reduces the banks profitability.
Banks send bills back to the federal reserve and the bad bills are shredded.
Tyra Banks has not done anything "bad" but perhaps the most well known diva moment she's had is yelling at a contest on ANTM who did not take her elimination seriously.
You can apply through banks and financial services despite having bad credit
Many banks will not offer home refinancing to people with bad credit because they are considered to be a high risk. People with bad credit will have to use a different resource, such as a service like US Loanz or Zillow.
A homeowner loan for someone with bad credit can be obtained from some banks but it will be at a higher rate of interest than for someone without a bad credit record. It means one needs to ask around a lot of banks.
No....! But you can't do daily, it depends on doer. It may creates several weakness or it is bad...