We all deserve second chances and by passing the American Credit Bail Out all Americans would get a second chance by having a clean slate on our credit report. Meaning all Americans would have “good credit” from this point on. All the previous negative items would be wiped away permanently and could not ever be put back on our credit. It is similar to the bailout given to the banks but would benefit the American people directly by giving us all a clean slate to start over with on our credit report. This would not only help the economy but help all American people.
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