Debt Consolidation And Credit "Power Plants Put on Hold" (July 30) makes me wonder what we are
all waiting for in the energy business. It seems clear from this
article and many others that the deregulated energy market does not
work as presently designed.
Credit ratings are enormously important in the loan market. We little realize its importance. Only when we have erred that we realize that credit scores are basic to applying for a loan. But thanks to credit repair loans we can still have a good prospect in the loan market. Since debt consolidation mortgage is a secured loan, little emphasis will be given to credit ratings.
Check Credit Rating So we have two choices: Step back to something more like the old
system or move forward into true deregulation of energy. We seem
stuck with one foot in the old system and one in the new. It seems
clear to me that we don't have the political grit to truly
deregulate and trust the marketplace to get our power supplies and
prices right. So why aren't we moving a step back to the old
system? Why are we still frozen in the headlights of
deregulation?
- They have never had a system for paperwork or bill paying
- They have poor credit ratings and (frequently) are in trouble
Improve Credit Rating It is true that the old system cannot be fully restored. The
California Public Utilities Commission required the utilities to
sell off their power plants, and so those plants are gone. However,
the utilities could be ordered to build new plants to meet the new
load requirements under "cost of service" regulation (once we
return them to financial health). These utility plants would
provide energy at cost, and the non-utility-owned plants could
continue to sell into the market at the market price. We had a lot
of this hybrid design in the old system.
The first poor credit mortgage scheme is available at 4.9 per cent discounted variable rate over a year, and the other at 6.74 per cent. Gary Lacey, N&P's group product manager said the poor credit mortgage market is growing, and before launching these mortgages, the Society looked carefully at how it should be helping members. A successful pilot of these two poor credit mortgage schemes showed that homeowners with adverse credit problems are not already satisfied with the poor credit mortgage market.
Credit Online Rating Report Thomas Long
Retired VP of PG&E
Blaine, WA
Bad credit loan, bad credit mortgage, bad credit rating, poor credit rating, mortgage bad credit, mortgage bad credit rating
Credit Score Rating Scale Los Angeles Times - 8/2/2002
Topic: Energy
The Federal Reserve trimmed interest rates another quarter point, to 2%, as expected, but left markets guessing about whether further cuts would be needed.
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