Danica Favorite has written an excellent letter to President Obama that is worth reading! She is a young mother and a tax preparer. You can read it HERE.
A couple of quotes: “…while we are among the lucky ones whose jobs were not eliminated, my husband’s hours were cut …
“What good is bailing out the banks and creating programs to help people with their mortgages when the people who are working hard to keep their payments current do not qualify?
“I am amazed at the number of people who’ve told me that they’ve called their banks, asking for assistance with refinancing. The answer is the same: until you’re in default, there is nothing we can do to help you.
“Until we’re in default? Really? So basically, in order to qualify for help, we first have to be in deep trouble? Wouldn’t it be in the best interests of the banking industry, and the country, to help the folks who want to stay out of a financial mess?
“I am disgusted that the only solutions people are being offered is to default on their home loans or declare bankruptcy. Believe it or not, there are still people in this country who want to pay their bills on time. We want to get out of debt. We want to do the right thing.”
You have to read the entire letter! It is worth it!
