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Wednesday, December 05, 2012

Study: There Are Plenty Of People Who Would Take Out A Walmart Or PayPal Mortgage

What’s an average citizen to do when getting a mortgage from a big bank or other financial institution isn’t an option? Perhaps you might consider taking out mortgages from a retailer like Walmart, or even PayPal? A new financial services study says there are plenty of people out there who would be down with a situation like that.

The results found that one in three U.S. consumers would consider a mortgage from Walmart, while almost half would think about giving the thumbs up to PayPal for one, reports Reuters. That’s quite a message for banks, since neither of those companies is even in the mortgage business and yet consumers are willing to try something, anything other than banks.

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2 comments:

  1. AnonymousDecember 5, 2012 at 11:09 AM

    since banks arent lending money I guess you have to get where you can

    ReplyDelete
  2. AnonymousDecember 6, 2012 at 12:17 AM

    11:09 AM

    And watch the interest rates. They like to soak people who have trouble getting a loan in conventional ways.

    ReplyDelete

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