Consider shortening the time (or establishing special loans) for individuals of foreclosure and/or bankruptcy to buy a home or auto again.
Unfortunately, foreclosure and even bankruptcy have become rampant in this country. Many individuals, by no fault of their own have fallen prey to scrupulous lenders, unemployment and hard times. They have or will experience the devastation of foreclosure and/or bankruptcy.
Many of these individuals will now need to pick up all the pieces and rebuild. Unfortunately, there is no “big” government there to help them get a fresh start. These may be people who could very well afford to buy a home or car again but because of their situation; they are left paralyzed, unable to assist in simulating the economy because of their lack of ability to make such purchases as a result of their credit situation.
Why doesn’t the government shorten their recovery time or set aside special loans for these individuals. With the right help many of these people will begin to be a vital part of our economic recovery.
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