taken to court or have been reported to credit agencies. These mortgages are also known as credit impaired mortgages or a poor credit mortgage. Because the competition between banks is fierce, many institutions have been looking for ways to maximize their profits. Because many people have bad credit, this have left open a huge market which for many years was untapped. Banks begin to realize that by offering bad credit mortgages, they were capable of increasing their profits. In the past most lenders have rejected people who had less than perfect credit. The interesting thing about these mortgages is that the interest rates and terms are the same as you would find with standard mortgages. There are mortgage companies today that cater to those with bad credit. These mortgages are typically given to people who have had a bankruptcy, criminal charges, or other financial problems. While the interest rate for these loans was high in the past, they have know come down to levels which can compete with standard mortgages. You may be wandering why banks and mortgage companies would suddenly decide to start offering mortgages to people with bad credit. There are a number of reasons for this. The banking industry has become more competitive with the rise of the internet and globalization. Small businesses like payday loan companies are beginning to compete with banks in many areas. Credit card companies are competing with each other to offer the lowest interest rates possible. This has led to a market which is very competitive. Because our society is so dependent on credit, many people who have bad credit look for companies and services which cater to them. While there haven't been many in the past, payday loan companies and other businesses are starting to tap into the market. Most banks will not give a mortgage to those who have bad credit, and this has created a market as well. By offering bad credit mortgages, banks are able to tap into a market which is composed of millions of people who would normally be rejected from getting a home. Some would say that the banks are taking a risk by doing this, because people who have filed for bankruptcy in the past are likely to do so again. Though this may be true, banks and mortgage companies can make a nice profit when customers make the down payments. If someone with bad credit puts down $10,000 towards their new home, this money goes to the bank. If they should default on their payments within a year, the bank can simply
piece
is
an
abstract
triptych
that
I
found
while
I
was
in
Atlanta
buying
religious
paintings
The
piece
was
called
Guardian
Angel
and
I
love
it
My
patrons
fell
in
love
with
it
as
well
They
have
asked
me
to
track
down
the
artist
and
see
if
he
has
anymore
religious
paintings
available
The
only
religious
paintings
that
I
actually
do
not
buy
are
ones
that
reflect
the
image
of
Jesus
on
the
cross
I
don’t
have
a
problem
with
them
some
of
them
are
extremely
well
done
and
would
more
than
likely
sell
well
but
my
investors
made
it
very
clear
when
they
financed
the
gallery
that
I
would
not
put
that
image
into
it
PPPPP
683
Ajello
Candles
The
motto
of
the
Ajello
Candle
Company
is
“It’s
better
to
light
a
candle
than
to
curse
the
darkness”
This
candle
making
company
has
been
in
business
since
1775
The
business
has
been
family
owned
for
seven
generations
The
candles
from
Ajello’s
are
well
known
for
their
beauty
and
quality
While
they
make
more
candles
now
than
in
1775
their
dedication
to
quality
and
to
customers
has
never
changed
The
Ajello
Candle
Company
was
founded
by
Rafael
Ajello
an
Italian
painter
He
was
also
a
beekeeper
so
he
tried
his
hand
at
using
bees
wax
to
create
candles
He
worked
hard
to
create
a
formula
that
worked
well
The
formula
combined
with
his
outstanding
artistic
ability
lead
to
the
birth
of
the
Ajello
Candle
Company
In
1785
the
company
earned
the
honor
of
creating
all
the
candles
for
the
Vatican
He
and
his
wife
ran
the
business
keeping
their
children
involved
in
the
processes
from
an
early
age
As
time
went
on
their
children
and
grandchildren
kept
the
business
running
as
well
as
passed
the
family
business
on
to
their
children
By
1862
the
company
had
established
itself
as
a
leader
among
the
candle
making
industry
They
had
also
added
perfumes
and
many
.
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